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  • 1 year ago
Reddit is gaining visibility through Google's AI Overviews, with Semrush data showing it as the second-most-cited source behind Quora. This surge follows a $60 million licensing deal that allows Google to train its AI on Reddit content, according to Benzinga. Semrush said Quora and Reddit are valuable sources for AI because their users address niche questions not commonly answered elsewhere. Reddit's increase in web traffic is mainly due to logged-out users arriving via Google Search, who don't sign in or stay on the site, Business Insider reported. Redburn analysts noted these users have limited value because they visit only briefly to find specific answers. Reddit is under pressure to grow ad revenue and prove long-term profitability following its IPO in 2023. Shares have declined 28.77% year-to-date but have surged 95.82% over the past 12 months, according to Benzinga Pro data.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Reddit is gaining visibility through Google AI's overviews,
00:05with SEMrush data showing it as the second most cited source behind Cura.
00:09This search files a $60 million licensing deal that allows Google to train its AI
00:13on Reddit content, according to Benzinga.
00:16SEMrush said Cura and Reddit are valuable sources for AI
00:19because users address niche questions not commonly answered elsewhere.
00:23Reddit's increase in web traffic is mainly due to logged out users
00:26arriving via Google search who don't sign in or stay on the site.
00:29This is Insider reported.
00:31Redbird analysts noted that these users have limited value
00:33because they visit only briefly to find specific answers.
00:36Redbird is under pressure to grow ad revenue
00:38and prove long-term profitability following its IPO in 2023.
00:42Shares have declined 28.77% year-to-date,
00:46but have surged 95.82% over the past 12 months, according to Benzinga ProData.
00:51For all things money, visit Benzinga.com.
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