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News 2026-07-31 10:38 UTC

Reddit CEO Declares ‘People Don’t Want AI Summaries—They Want Reddit’

Reddit, Inc. (NYSE: RDDT ) stock fell nearly 10% in Friday’s premarket session after investors focused on management’s warning that search referral traffic remained “choppy” amid ongoing uncertainty around Google’s AI-driven search changes, overshadowing another quarter of better-than-expected revenue and earnings. CEO

News 2026-07-02 17:03 UTC

Why Is Reddit Stock Pulling Back on Thursday?

Reddit Inc. (NYSE: RDDT ) stock is trading lower on Thursday, primarily due to profit-taking and a minor cooling period following a 12.5% single-day surge during the previous session. The decline follows a sharp upward move on Wednesday, which was driven by investor optimism regarding the company’s artificial intellige