Reddit shares plunge up to 29%, worst one-day drop on record
2 Oct 30 · 14d ago · 4 articles · 1 post · 7 comments · 3 sources · development 2 of 6
In regular trading the following session, Reddit stock extended its decline, falling as much as 25-29.2% and marking the company's largest single-day drop ever; Pinterest, Snap and Meta shares also fell on related ad-growth and AI-search concerns.
Reddit Company at center of the storyGoogle Search provider whose AI answers are cited as the cause@puckrin Social media commentator@KobeissiLetter Financial markets accountPinterest Comparable company also affected
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What was reported 9 claims about this development
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first by Quartz, 14d ago · also Slashdot
1 more headline
- Google's AI Overviews Lowered Reddit's Traffic. Its Stock Dropped 29% Slashdot · 14d ago
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first by Decrypt, 15d ago · also Channel NewsAsia
1 more headline
- Reddit shares plunge as Google's AI search squeezes traffic Channel NewsAsia · 15d ago
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first by invezz.com, 15d ago · also The Crypto Basic
1 more headline
- Reddit Stock Plunges 23% Toward May 2025 Lows After User Growth Miss The Crypto Basic · 15d ago
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first by Yahoo Finance, 13d ago
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first by CNBC, 14d ago
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first by MarketWatch, 14d ago
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first by Investing.com, 15d ago
1 more headline
- Reddit shares tumble on weak guidance despite earnings beat Investing.com · 15d ago
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first by Livemint, 15d ago
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first by Coinpaper, 15d ago
What people said 7 voices · verbatim
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But that’s not realistic though. Because if that’s the mode you’re working it it means you’re not trying to compete with your competitors. And if your competitors are focused on growth then you’re status quo business is going to lose market share. Maintaining the status quo requires all your competitors to do that as well. And they won’t.
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You didn't mention the propaganda and censorship. Yet again not all users are exactly smart. Personally I think it became too popular and brought in too much attention, even unwanted one. Ever since the AI madness I've seen good posts simply dissappear even if they were slightly controversial.
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I used to pay for the gold. I liked the site and could afford to pay for it. I liked the site enough that I was willing to pay in order to help keep it running... That changed.
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They keep making greedy, stupid choices that upset the user base, then scratch their heads in befuddlement as to why their users are dropping off...
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Have they tried to make the app less shite? Why is it a pain in the ass to simply look at my profile from the front page?
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I judge based on the context of your comment not your history. I really don't care to view people's profiles like a creep
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I've definitely noticed an uptick in ads on the mobile app... and I find myself using it less often, as a result...
All 6 developments of Reddit stock craters as Google's AI search drains its… →
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