Why Is Reddit Stock Plummeting Today?
Shares of Reddit (NYSE: RDDT) are falling on Wednesday, down 11.8% as of 3:46 p.m. ET. The drop comes as the S 500 and the Nasdaq Composite gained 0.3% and 0.4%, respectively.
The social media platform's stock is still falling after data earlier this week showed a sharp decline in how often ChatGPT references Reddit content in its responses.
According to Promptwatch, an AI search engine data service, ChatGPT cited Reddit in just 2% of its answers on Tuesday, a steep decline from August's average of 9.7%.
Source Fool.com
