Reddit Stock Sinks on Report It May Not Renew Google AI Content Deal Shares in Reddit plummeted 9% on Wednesday after reports emerged that it may not renew its deal with Google to access content for AI use.
The drama surrounding Reddit's partnership with Google is just one chapter in a broader narrative about the evolving relationship between publishers and tech giants.
The trend of declining search traffic due to AI driven summaries has forced media companies like Politico, CNN, and Business Insider to reevaluate their relationships with Google.