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Reddit stock falls as it weighs whether to renew its Google AI deal
The report says Google’s AI summaries have cut traffic for publishers coming from search results, prompting Reddit to reassess the value of the arrangement.
Reddit shares slid after a report that the company may not renew its agreement with Google related to AI content, according to CNBC Markets.
The outlet said the decision is tied to changes in how Google’s AI summaries are showing up in search results, which have reduced traffic to websites from the search results page.
CNBC Markets added that, amid that impact, Reddit is reconsidering whether the deal still benefits its platform and publishers.
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