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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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"What's behind the move: The user discussion platform company's latest earnings report did not announce any new artificial intelligence data licensing agreements, disappointing investors who were expecting more revenue opportunities from AI partnerships.
Revenue of $804.9 million beat estimates of $731.8 million. However, US daily active users came in at 53.2 million, just shy of expectations of 54 million. The company's total daily active users grew by 18% to 130.3 million versus estimates of 130.07 million. "
Lmao. 53.2 vs 54, and the headline says that's why it's tumbling? Nah, it's gotta be just the AI. I bet most of the reddit investors were also invested in AI stock and wanted to use reddit to pump the others. Hilarious. The entire value of Reddit is human UGC.
AI scraping was a one-time deal, Reddit chased off a huge portion of their users, and AI companies need pre-AI comments, not the current AI-infused comments.
Yeah idk how the investors could be so dumb. Well, I mean, I do. But still. Exactly as you said, AI companies can just... Steal the data they want. Sooo