Reddit (RDDT) 7 月 31 日重挫 20.99%，搜尋流量疑慮蓋過財報利多

Reddit shares slid ~21% as management's commentary on choppy, less predictable search-referral traffic outweighed a strong Q2 beat and upbeat Q3 revenue guide. The selloff reflects renewed uncertainty around discovery-driven user growth and the pace of incremental AI data-licensing monetization, key supports for valuation. Technically, the gap lower left the stock below key moving averages, reinforcing near-term risk sensitivity to any follow-up traffic signals.