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Reddit's stock dropped 29.22% on Friday, its steepest single-day fall since going public in 2024, after the company reported weaker-than-expected quarterly sales growth and issued a soft sales forecast. CEO Steve Huffman said search-referral traffic from Google declined 'meaningfully' this quarter due to AI Overviews, and the company is moving toward requiring logins for previously open access.
Microsoft has released a new Windows 11 Insider build that lets users adjust Bluetooth, WiFi, and power settings directly within Xbox gaming mode, without exiting to the full desktop. The update also overhauls search, adding filters for files, actions, and web results, the ability to trigger actions like changing volume or brightness, detailed result previews such as file edit history, embedded stock and weather charts, and thumbs-up/down feedback buttons to refine results over time.
Google has begun pushing an updated Gemini overlay design to all Android devices via a Google app update, following its earlier debut on Pixel 11 phones. The refresh applies Google's Neural Expressive design language, adding sparkle effects and small dots around the Ask Gemini text box, plus shaded, more three-dimensional edges on the box, particularly visible in dark mode.
Alphabet reported 25% revenue growth to $127.6bn and a 103% jump in Google Cloud revenue, but quarterly profit fell 25% and free cash flow turned negative by more than $9bn, roughly double the prior quarter's shortfall. The company's market value dropped from $3.97tn to $3.46tn as its stock fell nearly 13% on Thursday, one of its worst single-day showings this year.
Reddit CEO Steve Huffman told shareholders the platform is shifting to a
Reddit reported third-quarter revenue of $895 million and EPS of $1.40, both above analyst estimates, but gave weak fourth-quarter sales guidance that sent shares down more than 15%. CEO Steve Huffman said the company will begin testing a requirement for all users to create accounts to access the site, starting outside the U.S. in the fourth quarter, with no firm timeline for a full rollout.
Reddit CEO Steve Huffman announced in a shareholder letter that the platform will stop letting logged-out visitors view content, moving to a logged-in-only model. The change will first be tested in select markets outside the US. Huffman linked the shift to declining search-driven traffic and the need to protect Reddit's data from AI scraping.
Google is rolling out advertisements within AI Mode search results to Australia, Canada, India, Kenya, Malaysia, New Zealand, Nigeria, Pakistan, the Philippines, and Singapore, with Brazil, Mexico, and the UK to follow later this year. In the US, Google is introducing 'multiturn' ads that can appear across follow-up queries, not just the initial search.
Reddit announced during its Q3 earnings call that it will shift toward a primarily logged-in experience, citing a drop of more than 1 million weekly search referrals in October. The company's global daily active users held flat at 130.3 million, but U.S. daily actives fell to 50.7 million from 53.2 million in Q2, a 2% year-over-year decline. Reddit warned daily active users could drop by a low double-digit percentage next quarter if the trend continues, even as revenue rose 53% year-over-year to $895 million.
Alphabet shares suffered their worst single-day decline on record after investors reacted negatively to the company's latest quarterly results. The selloff wiped out roughly half a trillion dollars in market capitalization in one trading session.
Alphabet shares fell sharply after Q3 earnings showed its AI Mode search feature generates less revenue than traditional search, even though overall search revenue rose 12% year-over-year to $63.25 billion. At its lowest point, Alphabet lost roughly $524 billion in market value, the second-largest single-day loss for a US-listed company ever, behind only Nvidia's drop in January 2025. Bespoke Investment Group noted it marks Alphabet's steepest post-earnings decline since going public in 2004.
Reddit CEO Steve Huffman said on the company's Q3 2026 earnings call that Google's AI Mode and AI Overviews no longer send meaningful traffic to Reddit or other websites. Reddit disclosed that weekly search referrals fell by more than 1 million on average in October, which Huffman linked partly to AI-driven search changes and to machine-translated content being ranked lower outside the US.