According to CoinMeta, Reddit's stock plummeted by 29.2% on October 30, 2026, due to a decline in Google's AI search traffic, marking the largest single-day drop since its listing in 2024. Despite a 53% increase in third-quarter revenue, management warned that search and recommendation traffic has been declining by more than 1 million times per week on average, with Google's AI feature being considered the main reason. The daily active users of Reddit reached 130.3 million in the third quarter, a year-on-year increase of 12%, but the number of users in the United States dropped to 50.7 million, a decrease of about 2.5 million from the previous quarter. Management expects that if the current trend in search and recommendations continues, the total daily visits in the fourth quarter could decline by double-digit percentages.