US Stock Movement | Reddit (RDDT.US) plunges nearly 22% as CEO warns AI is reshaping search traffic patterns

According to Golden Ten Data APP, on Friday, Reddit (RDDT.US) opened sharply lower and the decline continued to expand, with the drop approaching 22% as of press time. Regarding the news, Reddit recently released its Q2 2026 financial report, achieving revenue of $805 million, a year-on-year increase of 61%; net profit attributable to shareholders reached $253 million, an increase of 183% year-on-year, with overall financial performance remaining strong. However, CEO Steve Huffman issued a warning about current fluctuations in search traffic. He pointed out that recently there have been drastic fluctuations in traffic from search engines, mainly due to the accelerated application of artificial intelligence in the search sector.