Reddit shares drop amid reports of rift with Google over AI

Reddit shares fell sharply after reports emerged that the company is locked in a dispute with Alphabet over the terms of their data licensing deal. The disagreement reportedly centers on the price and conditions under which Google can access Reddit's content to train its AI systems. This arrangement had been widely regarded as a cornerstone of Reddit's monetization strategy following its IPO. A breakdown or renegotiation on unfavorable terms could materially impact the company's revenue outlook. The situation also highlights a growing tension across the tech industry as platforms push back against AI developers over the value of training data.