Reddit stock fell 5%+ on Friday after Meta launched a standalone app for online forums, called Forum; Reddit's stock is now down almost 40% this year (Jonathan Vanian/CNBC)

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Jonathan Vanian / CNBC:
Reddit stock fell 5%+ on Friday after Meta launched a standalone app for online forums, called Forum; Reddit's stock is now down almost 40% this year  —  Reddit shares fell about 6% on Friday on concern that a new app from Meta called Forum could create an alternative avenue for internet users …

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