CNBC·3 min read·medium
Reddit stock sinks on report it may not renew Google AI content deal
C
CJ Haddad
✦AI Summary
Reddit is considering ending its data-licensing partnership with Google due to concerns that AI-generated search summaries are reducing traffic to its platform. The company is currently in negotiations to determine if the deal remains beneficial for its business model.
Shares of Reddit slid 8% on Wednesday after the Wall Street Journal reported the company has discussed shutting off Google's access to its content for artificial intelligence use.
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