Meta’s new ‘Forum’ app triggers 6% drop in Reddit stock |
Reddit shares reportedly fell up to 6% on Friday, following Meta’s announcement of a new standalone app for Facebook called Forum, which aims to provide an alternative platform for internet users to convene and create discussion groups.
For those unversed, Forum has launched as a test app on Apple’s iOS. In line with analysts on Friday: “It’s an attempt by the company to compete against reddit as an online........