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Reddit shares surged over 10% after S&P Dow Jones Indices announced Reddit will join the S&P 500 on August 18. The inclusion triggers an estimated 16.7 million shares in mandatory passive fund buying…
The company is pivoting its business model towards high-value subscriptions and AI-integration due to headwinds in traditional search traffic caused by Google's AI-generated answers. The company expe…
Reddit (RDDT) stock plunged 21% after Q2 earnings revealed concerns that Google's AI search summaries threaten Reddit's referral traffic and user growth, despite potential AI-data licensing opportuni…
Reddit crashed 20%+ despite beating EPS/revenue estimates and tripling profit, after CEO flagged 'choppy' search referrals tied to Google's Gemini AI eroding traffic. Retail sentiment split between v…
Reddit shares plunged 23% despite beating Q2 earnings estimates, as AI Overviews from Google appear to be reducing user engagement, particularly among valuable logged-in U.S. users, raising concerns …