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The European Commission designated Reddit and Roblox as Very Large Online Platforms. ChatGPT was designated a Very Large Online Search Engine. All three have four months to comply with stricter DSA rules on harmful content, transparency, risk mitigation, and child safety. Violations carry fines of up to 6% of global annual revenue.
earnings · Impact 40ChatGPT's citations of Reddit in search results have fallen sharply. Promptwatch data shows Reddit's share dropped from 3.8% to 0.5% in mid-August. In April, Reddit was the most-cited domain at 4.14%.
corporate action · Impact 80Reddit (RDDT) is set to join the S&P 500 index, triggering a sharp rally in the stock. Shares rose more than 10% on the announcement.
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