Reddit's revenue climbed 61% to $804.9 million in the second quarter, comfortably beating analyst expectations. Yet shares fell more than 20% after the earnings report, as CEO Steve Huffman used the moment to challenge Google's AI Overviews feature directly, warning that search referral traffic had turned "choppy".

According to a letter Huffman wrote to Reddit’s investors, what AI systems remove is the essence of Reddit’s worth. "As the internet........

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