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Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Published Source: DecryptRead original
Crypto Insight Summary: Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor concerns. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The selloff is specific to Reddit and Google-related equities, with no material read-through for crypto markets.