Reddit just had a blockbuster quarter. Revenue rose 61% to $805 million. Profit more than doubled. Daily users climbed 18%. Then the stock fell more than 20%. The numbers were not the problem. Google was. Investors looked past the beat and fixed on one line from CEO Steve Huffman: search referrals had been “choppy.” Reddit’s […]<br /> This story continues at The Next Web [...]
Dozens of subreddits have opted to block links to X in their communities over the last 24 hours in a movement that appears to be gaining momentum across Reddit. Hundreds more appear to be actively dis [...]
Reddit is suing companies SerApi, OxyLabs, AWMProxy and Perplexity for allegedly scraping its data from search results and using it without a license, The New York Times reports. The new lawsuit follo [...]
Two days after releasing what analysts call the most powerful open-source AI model ever created, researchers from China's Moonshot AI logged onto Reddit to face a restless audience. The Beijing-b [...]
Reddit had filed a lawsuit against Anthropic, alleging that the AI company behind the Claude chatbot has been using its data for years without permission. The lawsuit comes after Reedit has increasing [...]