Reddit stock down 24% to $49.32 from a $65 peak in TWO days.
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This happened to Facebook in the day as well, but it soon started to blow up after a couple of months. Of course, Reddit is no Facebook.
You won't find illegal porn on Facebook, there's dedicated forums for/hosting it on reddit
FB certainly hosts illegal porn. They're one of the biggests hosts for it. That's part and parcel of running a large website with user-uploaded content. To their credit they often remove it quickly once reported, unlike Jack-led twitter where still-minor gictims contacting the company and reporting it wasn't enough; DHS needed to get involved before anything happened.