Snap stock was tumbling after earnings. The cancellation of a deal with AI start-up Perplexity is likely to fuel an activist campaign.
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Snap stock was tumbling after earnings. The cancellation of a deal with AI start-up Perplexity is likely to fuel an activist campaign.
Reddit shares jumped over 12% on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's AI-driven advertising tools. If current gains hold, Reddit is on track to add about $3.4 billion in market value. The company's AI-optimized ad platform enables advertisers to place targeted ads directly within relevant discussion threads across its interest-based communities called subreddits.