GoKawiilReddit to test mandatory logins after Google search traffic decline hits Q4 outlook
Reddit reported third-quarter revenue of $895 million and EPS of $1.40, both above analyst estimates, but gave weak fourth-quarter sales guidance that sent shares down more than 15%. CEO Steve Huffman said the company will begin testing a requirement for all users to create accounts to access the site, starting outside the U.S. in the fourth quarter, with no firm timeline for a full rollout.