Reddit stock is getting disrupted big time by AI

I've always had the investment thesis from when Reddit stock went above $100, that this was overvalued. Why? Because there's no growth. It's a chat forum that's been online for 20 years, and growth has already stalled for many years. It's introducing ads now that disrupts the user experience, and the main problem with Reddit ads is they are not targeted because the users are anonymous, unlike Google or Meta ads, so Reddit ads are inherently less valuable. Reddit ads are also optional, unlike YouTube ads, so users simply don't even read them. When was the last time you clicked on a Reddit ad? Anther problem with Reddit's fundamental growth is it outsources all moderation to volunteers who have total freedom to ban Reddit users, as opposed to following pre-established corporate guidelines. You're not going to grow much when your customers are prevented from using your own product. However, lack of growth aside, the even worse downside case for Reddit is it's simply getting disrupted by AI. Let's face it, chatting with an AI chatbot gives you way more information and more quickly, is 100% less toxic / no trolling which is unfortunately a core part of the Reddit experience when you're dealing with anonymous humans on the Internet, and AI will only improve and be even more like humans with each new AI model. Simply put, AI is replacing the need for interactions on an anonymous, unpredictable forum. The AI is always on your side, and studies have shown throughout history that we like people who agree with us. The main bull story is AI training, but the training is already done, 20 years of data was already online from the get go, and the AI labs have already gotten all they needed from Reddit post histories way before they started contracting with Reddit, any new posts are mostly redundant and small incremental. How many of the same shit gets posted on Reddit day in and day out? Google has its own search engine to train on, Meta has Facebook, xAI has X, and OpenAI has already gotten what it needs. The Reddit AI data training story is way overhyped, just look at the large amount of insider stock sales from Reddit, all their mid-level managers are becoming multi-millionaires by selling stocks to naive retail investors because Reddit is a familiar product with a tenuous AI story attached to it (in case you haven't noticed, every company under the sun with the slightest AI connection is selling their AI connection to the sky), doesn't mean it's a good investment. Reddit stock is worth $50 at best.