Google's AI Mode doesn't drive traffic "for anybody," Reddit CEO Huffman warns the entire web Matthias Bastian View the LinkedIn Profile of Matthias Bastian Oct 30, 2026 AI Mode has tanked not just Google's stock but Reddit's too. Shares dropped over 25 percent despite strong earnings, after CEO Steve Huffman revealed that Reddit lost more than one million Google search referrals per week in October. He blames AI Overviews and AI Mode: "AI Mode does not dr