Nextdoor Holdings, a renowned neighborhood-centric social media platform, announced on Friday that it will be altering its stock symbol in the near future. In contrast to the previous "KIND" ticker that the company had used since its listing on the New York Stock Exchange in November 2021, the new "NXDR" ticker will take effect from July 21. Nextdoor stated that this change is associated with the imminent launch of the company's redesigned product.
In addition to this, Nextdoor also declared on Friday that its results for the second quarter will be published after the closing bell on August 7. In the last quarter, the company reported revenue figures amounting to $54 million and a net loss of $22 million, alongside a 6% increase on a yearly basis in the number of weekly active users, totaling to 46.1 million.
Shares in the social media firm saw a slight rise less than an hour prior to the market's opening bell on Friday. However, they have experienced roughly a 30% decline this year so far.