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Reddit drops more than 10%; it reportedly considers ending Google’s access to its platform

2026-07-22 14:28:25

Abstract generation in progress

Golden Finance reported that on July 22, the social platform Reddit (RDDT.US) fell by more than 10% in early trading, hitting a low of $166.13. On the news front, it was reported that Reddit executives are considering terminating Google’s access to its platform, and the two sides are currently negotiating the renewal of their existing data licensing agreement. In 2024, Reddit and Google signed an agreement estimated to be worth $60 million per year, allowing Google to crawl its forum content to support AI development. Now, Reddit has become uncertain about this deal, with the core issue being that its traffic is being eroded. Google’s AI-generated summary box can now directly answer users’ questions on the search page, so users no longer need to click to jump to external forums such as Reddit.

RDDT-0.97%

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