Reddit shares tumble 30% after CEO warns Google AI is cutting search referrals

Reddit shares plummeted 30%, trading around $90.20, after the company reported that Q3 search traffic was down meaningfully. This decline follows warnings from the CEO that Google AI is cutting search referrals, highlighting the broader impact of AI on digital traffic dynamics. The stock drop occurred shortly after Alphabet experienced a $500 billion loss in market value due to a Google slowdown, prompting digital platforms to innovate their user engagement strategies to mitigate these AI-driven losses.