Google's AI Mode doesn't drive traffic "for anybody," Reddit CEO Huffman warns the entire web

Reddit shares fell over 25 percent despite strong earnings after CEO Steve Huffman said the platform lost more than one million Google search referrals per week in October, blaming AI Overviews and AI Mode. Huffman said "AI Mode does not drive traffic. Not for us, and not to anybody as far as I know," and Reddit is testing login walls outside the U.S. to curb scraping and reduce dependence on the open web.