Reddit, Inc.Reddit's platform is integrated into Meta's AI agent, potentially increasing user engagement and demand.
Shares of Reddit jumped 4.9% in afternoon trading after The Information reported that Meta Platforms is preparing to launch a consumer AI agent named Hatch that can access and browse Reddit. Hatch will also let users order from DoorDash, shop on Etsy, check Yelp, and manage Microsoft Outlook inside Meta's ecosystem. Meta plans to launch the tool in the coming weeks and has weighed tiered pricing that could include a premium subscription of up to $199.99 per month. The inclusion of Reddit alongside core utility apps highlights the platform's unique position in the broader AI landscape. Reddit's shares are extremely volatile and have had 54 moves greater than 5% over the last year.
Reddit, Inc.Reddit's platform is integrated into Meta's AI agent, potentially increasing user engagement and demand.
Yelp Inc
Meta Platforms Inc.Meta is launching a new AI agent, Hatch, which is a product development.
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