steve huffman. things are going well right now, it seems. one of the technology changes at the start of this year and even before that was that google started applying its work in large language models in a.i. to its search engine and there is a school of thought that reddit was a beneficiary of that, that just within search, reddit becomes more commonplace, higher up, the results that had given. can you give us any sort of granularity on how that's helping you in keeping the redditer base? steve: these are the things that reddit provides. and search engines like google 10 years ago, last year or today, tomorrow, help people find that content on reddit that they're looking for. those answers they're looking for. those communities they're looking for. i look at this as natural evolution. search engines are getting smarter, they're getting better, they're getting more effective, which means they're getting more effective at helping users find what they're looking for on reddit, which of course, benefits our platform and our business. and so, i

jim cramer had steve huffman of reddit on last night. >> every companies' customers are on reddit. by making our ad tools easier to use and making our ads better and better, we're recognizing that position. >>> lyft is posting a second positive quarter it expects higher cash generation for the year due to increase in rides and active riders it's expanding its local economist lyft is up just about 6% for much more on the corner, be sure to catch ceo david risher on "squawk box" later today. >>> revian's revivian reports mixed results. it expects to reach positive inforcement. we'll have more when the ceo rj ska ridge is on "squawk box" later on. >>> earning season is in full swing. our silvia amaro joins us with a positive day across europe. >> you're seeing european equities mostly in the green i would high light it with the ftse 100 trading at new record highs. and tomorrow we're going to hear from the bank of england we'll see if they give more hints of when they might cut rates. mostly what we're seeing today has to do with the earning season let me just share this number with y

steve huffman. ed: and we'll turn to ridesharing and sit down with the c.e.o. of lyft.

revenue outpaced social media rivals o with drought of 39% the results of reddits first with ceo steve huffmanaying the firm's investments in ai and machine learning would support engainch management on the platform he told jim cramer that the strong advertising support was improving. >> really at the end of the day since reddit represents everybody's interests and passions, that means every company's customers are on r reddit somewhere so simply by making the product easier to use and making ads better and better, we're recognizing that. >>> disney posted earnings at almost 10% lower after quarter two earnings release >> maybe most heartening of all was direct to consumer streaming. last year that business lost about $600 million in , and the entertainment portion made a couple million overall streaming was up 12%, which led entertainment to 5% of revenue growth in quarter. >>> coming up, we're going to look at earnings of the chipmaker arm. we're going to bring you all the isreils coming up rit te ghafr th bak tah, these bills are crazy. she has no idea she's sitting on a goldmine. well she

the company said improvements to its ad platform pushed expectations and daily users steve huffman of reddit spoke about the merging results. >> the bell curve, the average is about 25 years old, but then we keep keep they're on reddit swl. >>> the current quarter guide' for the company is making improvements since itself ipo, itself's up by more than 65% frmg when we come back, tiktok strikes back, suing the u.s. government over the die vests ter ban bill, setting up what is likely to be a long legal battle we have the details next. >>> and later, facebook parent meta is expanding ai image generation tools for advertisers. >> announcer: this cnbc program is sponsored by baird. visit bairdifference.com wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with unliked and inconvenient injections, dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. more human study results for lexarias patented oral delivery technology are coming soon. lexaria bioscience, transforming the future of glp-1 drug

. >> although, you also had steve huffman on interesting corner of reddit >> that's a great story.eleration of reddit users you have people who are discovering this is a way to be able to -- what he calls not age out. i mean, if you look at snap, which had a good quarter, the people who look good on snap, they age out eventually, you don't want to continue that. you don't want to stick with them but reddit has a core group of people between 18 to 25, and they just gain in terms of the adherence of reddit. i thought that was a terrific story. if we were in a down beat mode, i would say reddit would be up 6 or 7 >> it's not 14% anymore but it is having a nice morning >> it's a down day no one's listening to me on this brown shoot thing. >> i don't agree people are listening to you. that's not true. they are that's why -- uber's down 9% brown shoots i don't know >> he missed a little. you can't miss by anything in this market. that's why i think that the -- the virtuous circle, i don't mean to pick on that person, it's just not what i'm seeing. i'm seeing a lot of companies see a tick