Reddit business and news from across the web.
Latest coverage
Xbox puts former Reddit and Facebook exec in charge of Minecraft studio Mojang
Xbox has appointed Maria Angelidou-Smith, formerly of Meta and Reddit, as the new CEO of Mojang Studios, the developer behind Minecraft. This change occurs amidst broader restructuring within Xbox and raises concerns about a potential shift towards user retention and monetization strategies over community focus.
Denuvo attempts to subpoena Discord, Valve, and Reddit in effort to identify hacker
Denuvo is seeking subpoenas for Discord, Valve, and Reddit to identify a hacker known as "voices38" who has allegedly bypassed its digital rights management technology on numerous PC games. The company claims this hacker's success in cracking Denuvo's security, which has been increasingly defeated this year, threatens the effectiveness of its DRM service for publishers and developers.
Xbox aim to wring more cash out of the games they've not cast into oblivion by launching new licensing arm and handing Minecraft to ex-Meta monetisation lead
Xbox is launching a new licensing division, Xbox Products (XP), to generate more revenue from its major game franchises through film, TV, merchandise, and events. This initiative comes as Xbox undergoes significant layoffs, with a total of 3200 employees being let go. Mojang, the developer of Minecraft, has appointed Maria Angelidou-Smith, formerly of Meta, as its new CEO, bringing extensive experience in product and monetization but no direct gaming industry background.
New Leadership Appointments and XBOX Division
Xbox has announced new leadership appointments within its division, including the creation of a new XP division focused on franchise experiences beyond gaming. Kayleen Walters will lead XP, while Maria Angelidou-Smith will become CEO of Mojang and Minecraft. Both appointments aim to strengthen community engagement and business development across Xbox's intellectual properties.
Discord Ban in the Philippines Lifted Less Than 24 Hours After Taking Effect
The ban on Discord in the Philippines has been lifted less than 24 hours after it was imposed by the Cybercrime Investigation and Coordinating Center (CICC). The CICC had directed Discord and Reddit to establish a local presence, but Discord's initial lack of response led to the restriction. While the ban is lifted, full access may take time to restore across all networks.
ChatGPT, Reddit and Roblox to face the EU's strictest platform rules
ChatGPT, Reddit, and Roblox are set to be subject to the European Union's most stringent platform regulations under the Digital Services Act. These rules will impose stricter obligations on these online services.
Reddit is experimenting with video and audio versions of posts
Reddit is testing new features that allow users to create and consume posts in video and audio formats. This initiative aims to enhance user engagement by enabling richer forms of conversation on the platform.
When the Bots Purge the Archive: Reddit’s AI Moderation Erased a Decade of r/AskHistorians Work
Reddit's AI moderation system has caused significant issues, including the deletion of a decade's worth of content from the r/AskHistorians subreddit, mistakenly flagging historical image links as spam. Similar problems have occurred on Discord, where AI incorrectly banned thousands of users for posting images of chessboards, and Meta platforms have faced complaints about AI-driven bans. These incidents highlight the risks of over-reliance on automated systems without sufficient human oversight, particularly concerning false positives that disproportionately affect marginalized communities and silence valuable contributions.
Evening Metaverse
The Walt Disney Company and TikTok have announced a new global content-sharing deal for short-form content. Meanwhile, Reddit has signaled upcoming changes to its old.reddit.com interface.
Reddit bets AI moderation can replace the karma gate for newcomers
Reddit is integrating AI-powered moderation tools, known as Rules Hub, to reduce reliance on account age and karma thresholds for new users. This aims to make participation easier, combat spam and scraping, and provide better tools for community moderators. While karma is not being retired, its importance may diminish as the platform enhances its built-in abuse prevention systems.
Old Reddit could be the next casualty of Reddit's war on AI scraping
Reddit is planning to retire its public API, which could lead to the discontinuation of the old Reddit interface. This move is part of the company's broader strategy to combat AI scraping of its user-generated content.
AI Yi-Yi!
The article discusses the increasing risk associated with the U.S. economy, referencing comments from Amazon founder Jeff Bezos. It also touches upon the falling stock value of Reddit and questions surrounding its CEO's perspective on the company's worth.
Reddit's CEO sure seems frustrated with Google's AI overviews
Reddit CEO Steve Huffman expressed frustration with Google's AI Overviews, stating that users want direct access to content rather than summaries. This sentiment comes amid rumors of a potential Google breakup and ongoing discussions about the impact of AI on search results.
Apple (AAPL) Q3 2026 earnings results beat revenue and EPS expectations
Apple reported its Q3 2026 earnings, exceeding revenue and EPS expectations with $109.42 billion in revenue and $2.02 earnings per share. CEO Tim Cook highlighted a record-breaking June quarter with double-digit growth in iPhone, Mac, and Services across all geographic segments, also mentioning the introduction of the new Siri AI at WWDC26. Despite the positive financial results, Apple's stock saw a decline in after-hours trading, potentially due to Services revenue falling slightly short of analyst predictions.
Reddit (RDDT) Q2 2026 earnings results beat revenue and EPS expectations
Social media company Reddit reported its Q2 2026 earnings, exceeding revenue expectations with $805 million and beating earnings per share estimates at $1.25. Despite the strong financial performance, Reddit's stock saw a decline in after-hours trading. The company provided higher-than-expected revenue guidance for the upcoming third quarter.
Reddit to combat AI with more AI
Reddit is planning to use artificial intelligence to combat the misuse of AI on its platform. The company aims to leverage AI technologies to identify and address issues related to AI-generated content and its impact on the user experience.
Evening Metaverse
Amazon has significantly updated the user interface for its Echo Hub smart display. Separately, Reddit has introduced a new feature allowing users to post videos directly within comments on the platform.
Game History and Preservation
A bill concerning game preservation, referred to as 'Stop Killing Games,' has passed a floor vote in California. This legislative development indicates a growing focus on ensuring older video games remain accessible.
The DOJ is reportedly asking Reddit and X for the identities of anti-ICE posters
The Justice Department has reportedly issued grand jury subpoenas to Reddit and X, demanding the identities of users who posted information related to ICE. This action raises concerns about user privacy and data access.
Reddit (RDDT) stock drops 5% as Meta launches Forum app for Facebook Groups
Meta has launched a new app called Forum, designed to compete directly with Reddit by offering a similar community forum experience within Facebook Groups. The launch has reportedly caused a 5% drop in Reddit's stock price.