Latest / Raleigh News Today | 2 Min News | The Daily News Now!
Reddit’s Growth vs AI Search Drop | Raleigh News
Reddit’s revenue soared past $800 million, profit more than doubled, and earnings beat expectations—but its stock plunged 23% after a single line in the report flagged shaky search referrals. With Google’s AI increasingly answering queries directly instead of linking to Reddit, user traffic from search is dipping. CEO admits the referral trend is “choppy,” but counters with strong growth in direct app users up 18%. The company’s bet? Keep users engaged inside the platform, not reliant on external engines. Investors are watching closely as AI reshapes how users find Reddit. Listen in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.