Reddit stock drops nearly 30% after weak Q4 forecast

Reddit experienced its worst single-day stock drop since its IPO following a weak Q4 forecast and significant declines in search referral traffic. The author argues that this drop reflects a broader trend driven by tech giants like Google and AI platforms capturing and retaining user traffic through features like AI Overviews rather than sending clicks to content creators. Ultimately, this dynamic threatens the valuable human-to-human interactions and shared knowledge found on platforms like Reddit. Open article →