Steve Huffman Says Reddit’s ‘Real People’ Content Is Increasingly Valuable in the Era of A.I.

Reddit surprised Wall Street yesterday (May 7) when it reported record user and revenue growth in its first quarterly earnings release as a publicly traded company. Co-founder and CEO Steve Huffman said on the earnings call Reddit’s vast corpus of authentic, user-generated content is going to be increasingly valuable in the era of A.I. Reddit shares popped 18 percent in yesterday’s after-hour trading before clawing back this morning. The company is currently valued at $8.16 billion.

In the January-March period...