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Despite Plans for AI-Powered Search, Reddit's Stock Fell 14% Thsi Week
"Reddit Answers" uses generative AI to answer questions using what past Reddittors have posted. Announced in December, Reddit now plans to integrate it into their search results, reports TechCrunch, with Reddit's CEO saying the idea has "incredible monetization potential." And yet Reddit's stock...
"Reddit shares plunge after Google algorithm change contributes to miss in user numbers." As Yahoo Finance once pointed out, Reddit knew this day would come, acknowledging in its IPO filing that "changes in internet search engine algorithms and dynamics could have a negative impact on traffic for our website and, ultimately, our business." And in the last three months of 2024 Reddit's daily active users dropped, Yahoo Finance reported this week.
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