Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Barchart

Aditya Raghunath

ChatGPT Could Kill the Reddit Star. Does That Mean You Should Sell RDDT Stock Here?

Reddit ChatGPT RDDT Google

Reddit (RDDT) stock fell by more than 10% on Wednesday after data revealed that ChatGPT's references to the platform have plummeted. The social media company was cited in just 2% of ChatGPT responses on Tuesday, down sharply from an average of 9.7% in August and a peak of over 14% in September. Despite an almost 4% rebound in today's trading, that's still a concerning drop for a stock trading at over 100 times earnings.

The decline matters because Reddit's business model is increasingly dependent on AI relevance. The company has struck lucrative data licensing deals with OpenAI and Google (GOOG) (GOOGL), reportedly exploring dynamic pricing where more frequent citations mean higher payouts. If ChatGPT mentions keep falling, Reddit's negotiating leverage weakens considerably.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

Families say Saudi Arabia provided aid to hijackers while conspiracist conference casts doubt on official narrative

The Guardian - US

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Related Stories

Top stories on inkl right now

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

Families of 9/11 victims await key ruling in New York as truther conference is held nearby

Families say Saudi Arabia provided aid to hijackers while conspiracist conference casts doubt on official narrative

The Guardian - US

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Our Picks

Physicians’ group calls for ban on raw milk – as it’s becoming increasingly popular in the US

As raw milk industry experiences record growth, experts say it might contain pathogens that can sicken people

The Guardian - US

San Francisco Church Criticised for Letting Adult Star Preach About 'Bodily Autonomy' in Kink-Leather

Metropolitan Community Church San Francisco has faced criticism after drag performer Honey Davenport delivered a sermon during Folsom Street Fair weekend.

International Business Times UK

Dakota Johnson Says She Grew Pubic Hair for 'Fifty Shades' Even Though the Film Added It Digitally

Dakota Johnson has discussed growing her pubic hair for her role in 'Fifty Shades of Grey', prompting renewed attention to grooming expectations and medical guidance on pubic hair.

International Business Times UK

As companies pour billions into Earth-based AI infrastructure, Google taking the data center race off-planet

Google will conduct experiments with its satellite in space for a year.

‘Halloweenmas’: how the spooky one-nighter turned into a month-long spectacular

Welcome to Halloweenmas, weeks of themed fun and gifts – from costume parties to decorating trees – without the stress, rules or cost of Christmas

The Guardian - UK

After Megan Fox Horrified Fans, Cameron Diaz Faces Scrutiny Over Her Looks As Comment About Aging Resurfaces

Cameron Diaz’s old Botox confession resurfaced after Megan Fox faced appearance-related criticism, prompting fresh online debate about cosmetic procedures and aging naturally.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play