Reddit sued Anthropic for allegedly using its user data without permission to train AI models, claiming repeated unauthorized access despite no licensing deal.
Shares of Reddit, Inc. (NYSE: RDDT) are trading higher Thursday after the company was named among the additions to the Russell 3000 index, following the announcement.
The Trump administration has paused new student and exchange visa appointments to implement expanded social media screening, sparking backlash from universities and civil liberties advocates over concerns of free speech violations and targeting of international students.
Markets have recovered lately, but three high-profile names that once saw explosive returns are still down over 50%. Could their day in the sun be on its way?
As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the social networking industry, including Reddit (NYSE:RDDT) and its peers.
Quality compounders are well-oiled machines.
Their competitive advantages allow them to make profits consistently and reinvest them into projects that generate even more profits, creating a virtuous cycle of returns.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 5.1% in the afternoon session after Wells Fargo downgraded the stock from Buy to Hold, raising concerns as Google prepares to fully integrate generative AI into its platform. The firm noted that recent disruptions in search-driven traffic appear more permanent, as more users turn to AI-powered search.
Online community and discussion platform Reddit (NYSE:RDDT) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 61.5% year on year to $392.4 million. On the other hand, next quarter’s revenue guidance of $420 million was less impressive, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.64 per share was 25.9% above analysts’ consensus estimates.
