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Why Reddit Stock Is Dropping: $3.2 Billion Wiped Off Market Value as Shares Fall 9%

International Business Times UK — July 23, 2026 at 08:22 AM UTC

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Why Reddit Stock Is Dropping: $3.2 Billion Wiped Off Market Value as Shares Fall 9%

Reddit's market value dropped $3.2 billion amid reports of internal talks on renewing its AI licensing deal with Google, highlighting tensions between content licensing and traffic.