🚨 Reddit stock ($RDDT ) fell 28% after the CEO revealed that Google's AI-powered search engine is causing a significant drop in traffic to the platform.
Honestly, let's be realistic 🤔 Reddit isn't worth what it was in 2021 and 2022.
Who uses it today to look up everyday answers? Even user behavior has changed, and many people are turning to ChatGPT for direct answers instead of browsing dozens of discussions and pages.
The problem here is bigger than just a drop in Google traffic. AI is changing how people access information, and this could threaten the business models of platforms that rely on search engine traffic.
The question now is: can Reddit adapt to this change, or is this just the beginning of pressure on its business model?
I think it's a failed investment. What do you think? 🤔🤔
$RDDTB 👀 👇
Honestly, let's be realistic 🤔 Reddit isn't worth what it was in 2021 and 2022.
Who uses it today to look up everyday answers? Even user behavior has changed, and many people are turning to ChatGPT for direct answers instead of browsing dozens of discussions and pages.
The problem here is bigger than just a drop in Google traffic. AI is changing how people access information, and this could threaten the business models of platforms that rely on search engine traffic.
The question now is: can Reddit adapt to this change, or is this just the beginning of pressure on its business model?
I think it's a failed investment. What do you think? 🤔🤔
$RDDTB 👀 👇
