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Reddit reports a solid quarter but shows signs of AI’s impact
Reddit has posted impressive earnings with a 61% revenue increase, hitting $805 million. However, CEO warns of potential challenges from AI's impact on user engagement, leading to a 10% drop in stock prices as analysts express concerns.
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Reddit has posted impressive earnings with a 61% revenue increase, hitting $805 million. However, CEO warns of potential challenges from AI's impact on user engagement, leading to a 10% drop in stock prices as analysts express concerns. Full story and more reels: https://newsreel.video #news #breaking #Reddit #AI #earnings
Originally reported by TechCrunch.
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