On November 22, Caijing reported that Reddit (RDDT.US) fell more than 7%, closing at $146.25. Tencent disclosed that the company sold its stocks in the social media platform Reddit. In its after-hours report, Tencent stated that it sold approximately 655,000 shares of Reddit at an average price of $133.76 per share on Tuesday, sold about 882,500 shares at an average price of about $129.38 per share from November 14 to November 18, and sold nearly 1.5 million shares earlier this month at an average price of $132.19 per share. A total divestment of nearly $0.4 billion reduced Tencent's holdings in Reddit by approximately 28%. Tencent still holds over 7.75 million shares of Reddit.