Reddit RDDT shares have plunged 35.7% in the year-to-date period, underperforming the broader Zacks Computer & Technology sector's 24.7% increase. The Zacks Internet - Software industry has also increased 10% in the same time frame. The company's shares have also underperformed its peers, which include Pinterest PINS, Meta Platforms META and Snap SNAP. These companies are expanding their footprint in the digital advertising market. Shares of Meta Platforms have gained 10.3%, while Pinterest and Snap have lost 25.6% and 30.9%, respectively, in the year-to-date period.
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