โ ๏ธ Reddit $RDDT crashes ~10% premarket โ Google AI search changes are killing its traffic
Reddit posted a stunning Q2 beat โ $805M in revenue vs ~$730M expected, and net income nearly tripled to $253M โ but none of it mattered. Management warned that Google search referral traffic remains "choppy" as Google's AI-driven search overhaul reduces the clicks that feed Reddit's user growth. The market is pricing in a genuine long-term threat to Reddit's growth engine. Is RDDT a deep-value play here, or is the AI threat to its traffic a real structural problem? Not financial advice.
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