STOCKS | Intel Drops on Missed Forecast; Reddit Slides on Forum Registration Plans

Intel shares fell after its revenue forecast missed analysts’ estimates, amid weak demand for PC processors and supply-chain problems with data center components, according to Bloomberg. Reddit shares sank on plans to limit access to its forums to encourage users to register and deepen engagement. Executives are willing to sacrifice some reach for a smaller, more engaged audience, whose insights could be valuable to advertisers. Roblox shares slid after the company reported a year-over-year decline in player engagement following the deployment of stronger child-safety measures.