Reddit (RDDT) is making its market debut on the New York Stock Exchange on Thursday.
Ahead of the stock's opening trades, Reddit Co-Founder and CEO Steve Huffman tells Yahoo Finance Executive Editor Brian Sozzi that there are three "chapters" to Reddit that investors should pay attention to: the company's ad business, user economy, and then its data.
Reddit's data has been of particular interest to investors, given its potential to be used in large language models that form the basis for generative AI programs. On that, Huffman points to all the conversations that have occurred on Reddit, saying that "in an AI world, where everything is increasingly written by AIs, the human-generated content actually becomes more valuable over time. We're starting to see that the best response to artificial intelligence is actual intelligence."
When asked directly if Reddit is an AI play, Huffman would only say that investors should view the company as "a community platform that has many paths to success, so the ads, the user economy, data. There's, I think, so many things we can do and so we're pursuing all of them."
Overall, Huffman says that the company wants "our users to be investors, but we want our investors to be users as well."
#youtube #Reddit #yahoofinance
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Ahead of the stock's opening trades, Reddit Co-Founder and CEO Steve Huffman tells Yahoo Finance Executive Editor Brian Sozzi that there are three "chapters" to Reddit that investors should pay attention to: the company's ad business, user economy, and then its data.
Reddit's data has been of particular interest to investors, given its potential to be used in large language models that form the basis for generative AI programs. On that, Huffman points to all the conversations that have occurred on Reddit, saying that "in an AI world, where everything is increasingly written by AIs, the human-generated content actually becomes more valuable over time. We're starting to see that the best response to artificial intelligence is actual intelligence."
When asked directly if Reddit is an AI play, Huffman would only say that investors should view the company as "a community platform that has many paths to success, so the ads, the user economy, data. There's, I think, so many things we can do and so we're pursuing all of them."
Overall, Huffman says that the company wants "our users to be investors, but we want our investors to be users as well."
#youtube #Reddit #yahoofinance
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance