You can add Reddit CEO Steve Huffman to the growling list of publishers, platforms and others who are frustrated with the state of Google search and AI Overviews. "People don't want a summary of Reddit;
On Friday, a judge largely denied a motion to dismiss from a web scraper, SerpApi, which is accused of conspiring with Perplexity AI to illegally scrape copyrighted Reddit content from Google search results.
Reddit CEO Steve Huffman said his company has to find ways to work around changes at Google, which is delivering less traffic than in the past.
Alphabet’s Google pays Reddit around $60 million a year to scrape conversation data from the social media site. That could change.
Part of the problem is that both publishers and Reddit have historically depended on regular Google search traffic, but in most cases, the current status quo treats being surfaced as one of the so-called blue links and being part of AI Overviews as a package deal.
Federal court dismissed Google's DMCA scraping lawsuit against SerpApi, ruling Google lacks copyright over its own search results - with major implications for Reddit too.
Reddit just posted a beat-and-raise quarter yet its stock is cratering while Alphabet surges, and the reason why reveals a fault line running through every social media investment thesis right now.
Reddit's talks with Google highlight how AI Overviews are changing the balance between content licensing, search traffic and publisher revenue.
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 social media company is reportedly considering not renewing its AI agreement with Google.
Reddit can proceed with a lawsuit alleging that Perplexity and data scraper SerpApi wrongly obtained copyrighted Reddit posts from Google's search results.
Reddit's financial situation is looking good but uncertainty about its relationship to Google and the new AI-ified web are stirring market concerns.