This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:
A double-digit fall this week has shoved Reddit into an unflattering spotlight.
After a third-party research report showed that ChatGPT was citing Reddit content far less than it used to, investors recoiled, calling into question the viability of the social forum’s ambitions to become a key player in the AI transition.
At the heart of Reddit’s predicament is a tension between revenue strategies, where one path to growth shrinks or closes another. Anticipating that AI chatbots are on a course to disrupt how people search and discover information online, Reddit has fashioned itself as a rare source of direct human connection and dialogue. And if the digital world will soon be drowning in AI slop, Reddit’s seemingly limitless reservoir of…
