Google’s stock dropped about 4.3% after the company released a memo to employees outlining the company’s plans for 2018.
The memo outlined how the company would “increase our focus on monetization,” and how the team would work to “create new revenue streams” and “better monetize our audience.”
The company is currently trying to grow its audience, but the memo said that the company is focusing on its “core business,” which it called “a place where users create, comment, share and interact with other people, content, and things.”
Reddit also plans to launch a new subscription service in 2021, but it has not said when that will launch.
Reddit has been criticized for its business practices and its lack of transparency in recent years.
The company has faced criticism for not publicly disclosing how many ads it receives, and its employees have been subject to an ethics probe.
In October, Reddit announced that it would no longer be hosting ads on its front page.
Reddit’s CEO Steve Huffman responded by announcing a new plan for the company, saying that he would “start the process” of selling the company to a private equity firm, with the company having an ownership stake of between 10 and 25%.
The company’s stock has dropped about 5% since its July peak.
The Dow Jones Industrial Average has lost more than 5% of its value since last year.