Reddit reports solid quarter but shows signs of AI impact
Reddit reported strong Q2 revenue and profit, beating expectations, but its stock fell over 10% after CEO Steve Huffman warned of "choppy" search referrals. Investors fear AI summaries from Google and OpenAI may reduce Reddit's traffic. Huffman said the human aspect of Reddit will keep it a destination, but was vague about renewing the Google data licensing deal.
OpenAI
Google/DeepMind

