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Reddit stock tumbles the most on record as lack of new AI deals, US daily users metric disappoints
(finance.yahoo.com)
this post was submitted on 31 Jul 2026
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Makes sense, Reddit feels like a shell of it's former self.
After the apicalypse many subs seems to have died, also the new UI that has been pushed for a decade or so, seems to promote consumption of content and discourage creation of content, further reducing new content.
Reddit has been many, many times by AI companies, why keep scanning if the content stays 98% the same, with most new content being of mostly lower quality, simply due to people posting AI shit.
This was a very predictable outcome.
As soon as Reddit's history got scanned by AI models, it lost 98% of it's future value.
Your last paragraph is a major point that I think a lot of people don't think about, and I'm surprised Reddits executive team didn't bail as soon as the AI was finishing the scrapes.
They didn't need to bail since they did the IPO and could just sell their shares. I haven't kept an eye on how much insider selling has gone on but I am sure they all have made bank over this past year, it is public info if anyone feels like looking it up. I would expect if the stock prices continues to tank and stays down you will start seeing executives abandon ship for greener pastures.
They have their own AI, but it’s an eyesore that undermines searching in a mobile browser. They added it after an update further deteriorated the Reddit App experience.
So they:
And that’s within the last year or so.