Wall Street Breakfast Reddit slips as costs soar
Feb 13, 2025
Reddit faces challenges as soaring costs overshadow its latest financial report, leading to a drop in shares. Meanwhile, major Paramount channels like CBS and Nickelodeon are disappearing from YouTube TV. On a tech note, Baidu's Ernie Bot will be available for free starting in April, indicating a shift in the AI landscape. Discussions also highlight significant market movers and the latest strategies impacting the financial world.
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Reddit's Rising Costs
- Reddit's Q4 report shows increased costs, particularly in R&D, overshadowing positive financial results.
- Despite revenue growth and beating estimates, rising expenses impacted investor confidence, leading to a stock drop.
YouTube TV vs. Paramount
- YouTube TV and Paramount Global are in a dispute over a new agreement, potentially leading to Paramount channels being removed from the platform.
- YouTube TV offered a credit to subscribers if the channels are unavailable for an extended time, while Paramount claims YouTube's demands are unfair.
Baidu's Free AI Chatbot
- Baidu is making its AI chatbot ErnieBot free to the public to compete in the AI race, especially against companies like DeepSeek.
- Baidu's stock climbed following the announcement, and they plan to launch the next-generation Ernie 5 model later this year.