Reddit Shares Sink 9% on Report of Possible Google AI Content Deal Termination

RDDT-9.41%
According to the Wall Street Journal, Reddit shares fell 9% on Wednesday (July 22) after reports that the company discussed shutting off Google's access to its content for artificial intelligence training. The two firms established a $60 million-a-year deal in 2024, but Google's AI summaries have reduced traffic to websites from search results, prompting Reddit to reconsider the partnership's benefits as the contract nears renewal.
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