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Reddit's stock is falling hard ahead of the company's Q1 results tomorrow

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Reddit's stock fell by as much as 11% today and was down by 7.7% as of 11:43 a.m. ET on Wednesday .

The social media company will release its first-quarter results after the closing bell tomorrow .

Wall Street expects a 90% decline in earnings from the year-ago quarter .

The stock price is likely being affected by the fact that the U.S. economy contracted in the first three months of the year .