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Reddit stock plunges 29% after weak outlook, wrapping its worst day ever
- On Friday, October 30, 2026, Reddit and Pinterest shares fell in premarket trading after Reddit warned that Google's AI search features could shrink its user base, while Pinterest forecast weak fourth-quarter revenue.
- JPMorgan analysts said the expansion of Google's AI Overviews and AI Mode has pushed search traffic down, as these features answer queries directly without sending users to platforms like Reddit.
- Search engine referrals fell by more than 1 million on average each week in October, with Reddit set to lose $5.7 billion in market value and Pinterest facing European revenue flatness.
- To combat traffic losses, CEO Steve Huffman announced Reddit will soon require user accounts to view content, while extending cloud agreements with Amazon Web Services and Google through 2029 for $880 million and $580 million.
- The selloff fits a wider repricing of how AI reshapes search and advertising, as Reddit races to build an owned-audience model while analysts warn the near-term outlook remains clouded.
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Reddit Stock Plunges 23% as Google's AI Search Cuts Off Its Traffic
by Duncan Idaho at CDN - Reddit beat earnings estimates but warned its user base could shrink by double digits, wiping out billions in market value and putting a login wall on the table. Click to read the rest HERE-> Reddit Stock Plunges 23% as Google’s AI Search Cuts Off Its Traffic first posted at Conservative Daily News
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Total News Sources35
Leaning Left3Leaning Right3Center15Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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