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Reddit stock sinks on report it may not renew Google AI content deal
Reddit's stock declined after a report indicated the company may not renew its content deal with Google. The deal is being reconsidered due to Google's AI summaries reducing website traffic from search results.
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Adjacent reporting
- Google looks to bleed publishers with new AI partnerships that would cull their content
- Alphabet’s stock falls as Gemini delays suggest Google is struggling to keep up in the AI race
- Google's AI search results will now turn to Reddit for 'Expert Advice'
- AI search could kill the web without new quality signals and revenue models
- Investors may be hitting pause on the AI run-up