Reddit experiences its largest daily loss! Despite record profits, the stock tumbles over 29%!
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Solid numbers, missed outlook: Reddit surpassed sales and earnings expectations in Q3 but disappointed with its forecast Collapse of search traffic: Google's AI summaries cost Reddit over 1 million redirects weekly, slowing user growth Strategic shift with risks: A planned login requirement aims to trade reach for monetization, but raises skepticism in the market The latest earnings report from the discussion platform Reddit (RDDT) highlights the fractures of platform capitalism in the age of generative AI. "Reddit is the last platform...
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