Reddit shares plunge 29% as Google AI search drains traffic
Reddit said Google's AI Overviews and AI Mode divert over a million referral clicks per week, and CEO Steve Huffman confirmed a sharp traffic decline. Reddit shares fell 29% in their worst single-day drop, extending to 36% for the week.
2026-11-03 ~ 2026-11-03 · 2 related posts
- Episode 1: Reddit CEO Blames Google AI Mode for Traffic Collapse as Stock Plunges ~44%(2026-10-30, 13 posts)
- Episode 2: Reddit Plunges 30% After Earnings, CEO Blames AI Search(2026-11-01, 2 posts)
- Episode 3: Reddit shares plunge 29% as Google AI search drains traffic(2026-11-03, 2 posts)
- Reddit Stock Drops 36% After CEO Confirms Google Search Traffic Decline From AI Shift — OnlineInference · 2026-11-03
- Reddit plunges 29% in worst single-day drop as Google AI search cuts referrals — Similar_Response_454 · 2026-11-03