Did Goldman Just Spot ‘Peak Reddit’? A team of Goldman analysts led by Eric Sheridan published an earnings preview note that covered the digital advertising sub-sector. What caught our attention wasn’t the changes in stock recommendations, but a section further down that cited SensorTower data on growth and engagement trends across major social media platforms. Building on our earlier report that “ChatGPT massively reduced Reddit citations,” with SimilarWeb data showing steep declines in U.S. web traffic on Reddit, Sheridan expanded on this emerging theme, citing new SensorTower data that showed both monthly active users and time spent on Reddit have peaked. The decline and… — Continue at ZeroHedge News : Read More
