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Reddit Slides 11% Post S&P 500 Addition on Google AI Traffic Fears

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The Story

News Summary

  • Reddit shares dropped over 11% despite joining the S&P 500, as initial inclusion momentum faded.
  • The decline is compounded by traffic headwinds stemming from Google's AI Overviews reducing search referral clicks, though analysts maintain a predominantly bullish outlook with substantial upside potential.
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