Reddit missed market estimates for daily active unique visitors in the fourth quarter on Wednesday, hit by a change in Google's search algorithm that impacted how often the social media platform appeared in the search results,

Roblox Corp. shares dropped as much as 20%, the biggest intraday decline since May, after the video-game platform reported daily active users for the fourth quarter that fell short of analysts’ estimates.

Reddits stock tumbled 15% in extended trading after missing Q4 market estimates for daily active unique visitors. The decline was attributed to a Google algorithm update that affected how often the platform appeared

Reddit missed market estimates for daily active unique visitors in the fourth quarter on Wednesday, hit by changes in Google's search algorithm that impacted how often the social media platform appeared in the search results,