Reddit’s stock tumbled 9% after the Wall Street Journal revealed the platform is considering cutting Google’s access to its content for AI training — sparking a broader industry reckoning. Major publishers like USA Today, Politico, and CNN are rethinking their Google partnerships, with traffic from Google search plummeting for many — USA Today down 50%, Business Insider by 85%. Google counters that its AI tools drive significant traffic and benefit publishers. Meanwhile, Reddit maintains its OpenAI deal, calling it “very meaningful,” while its stock has dropped 27% year-to-date despite a strong Q1 revenue jump fueled by ads and AI licensing.
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