Reddit shares fall 42% in 8 trading days after earnings

Reddit’s latest earnings call and CEO commentary coincided with a sharp drawdown in the company’s shares: RDDT fell 42% over eight trading days. The stated driver: AI is reshaping search and the broader internet, changing user discovery and traffic patterns that affect platform monetization. Source: @TheKobeissiLetter, with additional analysis linked: https://t.co/BJ7S85Ackb

Key points:
- Event: Earnings call with Reddit’s CEO noted as a reference point for future discussions.
- Market move: RDDT down 42% across eight trading sessions.
- Thesis: AI-driven changes to search disrupt traditional web traffic flows and business models.
- Source: The Kobeissi Letter provided the summary and link to further thoughts.