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Reddit (RDDT) stock drops 9% amid Google data-licensing uncertainty
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Reddit's stock (RDDT) declined by approximately 9% following reports that the company is considering blocking Google from accessing its content for AI training purposes. This potential move jeopardizes a $60 million annual data-licensing agreement signed in 2024. The uncertainty surrounding this deal has raised concerns among investors, contributing to the stock's recent downturn.
Punti chiave
- Reddit's stock fell 9% after reports of internal discussions about blocking Google's access to its content for AI training.
- Insider selling has been observed, with CEO Steve Huffman selling approximately $3.56 million worth of stock on July 15.
- Reddit is scheduled to release its Q2 2026 earnings report after market close on July 30, 2026.
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