Overview

• - The stock fell between roughly 6% and 11% on Wednesday, trading near $215 after a premarket drop to about $205, with some chart watchers flagging a potential head-and-shoulders target near $150.
• - Benzinga reported social-media chatter that OpenAI is looking to reduce citations of Reddit content, a claim that has not been confirmed by the companies.
• - InvestingLive said OpenAI unveiled a new video model and signaled moves into short-form and social-style content, developments investors linked to Reddit’s slide.
• - Wall Street Pit, citing Promptwatch data, reported a decline in Reddit appearances within ChatGPT answers to about 2% on Tuesday from peaks above 14% earlier in September, though Reddit averaged 4.3% across the month.
• - Benzinga also noted investor concern that Elon Musk’s xAI is building a rival information platform, raising competitive risks for user attention and advertising.