$RDDT

WHO ARE THE AI RENT SEEKERS? Which companies will be able to extract monopoly rents from AI Labs? Instantly generated, human content and community is AI resistant. Reddit has a deal with OpenAI and Google. What about Anthropic? Meta? Reddit content is unique. It’s conversational, adversarial, constantly refreshed, niche segmented, and full of intent-rich language. And the multiples of Ad businesses are very good. Added more to our $RDDT position today.