So, RDDT went up 24% today. I own a fair number of retail stocks — ie VSCO and Target— and it makes total sense that those stocks have been up and down according to the tariff discussion.
But why RDDT?
Am I missing anything besides “market uncertainty?”
Why have tariff talks had such an impact on a stock like Reddit. Is there a fundamental issue that causes investors to flee RDDT in a high tariff environment?
Or is this just people — especially employees with options — selling out of a sense of panic?