AI is about to kill majority of the internet. Its already killing a lot of towns with data centers as well.
But hey... we get cheesy slop videos 🫡
Future is scary ironically. And nothing we can do to stop it. Unless you just never use the internet again, or your phones.
Reddit stock got absolutely crushed, dropping 21.84% to $101.50 after its Q4 outlook disappointed investors.
And this happened despite a pretty strong Q3:
> Revenue hit $895 million, up 53% year-over-year.
>Net income jumped 74% to $283 million.
EPS reached $1.40, beating expectations of $1.33.
Reddit says search referrals have been declining, partly due to Google’s AI-powered search changes.
CEO Steve Huffman also warned that daily active users could fall by a low double-digit percentage in Q4 if the trend continues.