[Reddit Drops Over 10%, Reportedly Considering Terminating Google's Access to Its Platform] According to a report by Jinse Finance, on July 22, social platform Reddit (RDDT.US) saw its stock drop over 10% at the start of trading, hitting a low of $166.13. Reports indicate that Reddit executives are considering terminating Google's access to its platform under Alphabet, as the two parties are currently negotiating the renewal of an existing data licensing agreement. In 2024, Reddit signed an agreement with Google estimated to be worth $60 million annually, allowing Google to scrape its forum content to support AI development. Now, Reddit is wavering on this agreement, with the core issue being traffic erosion. Google's AI-generated summary boxes can now directly answer user queries on the search results page, eliminating the need for users to click through to external forums like Reddit.