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ChatGPT, Reddit, Roblox to adhere to EU's "very large platform" rules
Reuters24d agoneutral
ChatGPT, Reddit, Roblox to adhere to EU's "very large platform" rules

BRUSSELS, Aug 31 () - The European Commission on Monday said ChatGPT, Reddit and Roblox ‌will need to adhere to the EU ‌regulations for very large online platforms and search engines. • The ​services have declared that they reach at least 45 million monthly users in the EU.

Reddit (RDDT) Stock Looks Fairly Valued Following Fresh AI Content News
Simply Wall St.26d agoneutral
Reddit (RDDT) Stock Looks Fairly Valued Following Fresh AI Content News

Reddit stock has had a weak start to the year, with the share price down 36.7% year to date, while broad valuation checks suggest the stock is not a clear bargain at current levels. The year to date decline of 36.7% raises the question of whether Reddit is now priced for too much caution or simply moving closer to a fairer trading range. The recent focus on Reddit content within Meta's planned Hatch AI agent can support long term monetisation hopes, while the key risk is that content...

Meta Heads Toward $580 as a $17B Teen Safety Settlement Ends the Trial; Snap Falls 9%
24/7 Wall St.29d agobearish
Meta Heads Toward $580 as a $17B Teen Safety Settlement Ends the Trial; Snap Falls 9%

Meta Platforms stock is up 1% to $575.60 at midday Wednesday after Meta Platforms (NASDAQ:META) agreed to a proposed multistate teen-safety settlement worth up to $17 billion, ending a federal trial that began days ago in Oakland. It’s the only major social-media name in the green. Meanwhile, Snap (NYSE:SNAP) stock is down 9% to $5.42 ... Meta Heads Toward $580 as a $17B Teen Safety Settlement Ends the Trial; Snap Falls 9%

How Meta’s Hatch AI Deal With Reddit Data Could Impact Reddit (RDDT) Investors
Simply Wall St.30d agoneutral
How Meta’s Hatch AI Deal With Reddit Data Could Impact Reddit (RDDT) Investors

Earlier in August, Meta Platforms revealed plans for “Hatch,” a consumer AI agent that can access and browse Reddit content alongside other services, spotlighting Reddit’s role as a source of user-generated data in the AI ecosystem. This integration positions Reddit as a potential infrastructure layer for consumer AI experiences, raising fresh questions about how its content licensing, data economics, and platform partnerships could evolve. We’ll now examine how Meta’s planned use of Reddit...

Reddit (RDDT) Stock Is Up, What You Need To Know
StockStory30d agoneutral
Reddit (RDDT) Stock Is Up, What You Need To Know

Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 4.9% in the afternoon session after The Information reported that Meta Platforms is preparing to launch a consumer AI agent named Hatch that is trained to access and browse the social discussion platform. According to coverage of the upcoming launch, Hatch will allow users to navigate Reddit, order from DoorDash, shop on Etsy, check Yelp, and manage Microsoft Outlook directly inside Meta’s ecosystem. Meta plans to launc