Reddit shares fell 6% in early trading on Thursday after the social media firm missed Wall Street estimates for fourth-quarter daily active unique visitors, hit by Google's search algorithm change.

Key Takeaways Shares of Reddit tumbled Thursday after the company reported fewer-than-expected users in the fourth quarter. However, several analysts told clients they view the stock's drop as an opportunity to buy the dip.

Reddit stock is down Thursday after the social media platform fell short of expectations on a key metric for its fourth quarter. Here's what you need to know.