$RDDT Reddit is still gaining share in the text based platform market. That gives them leverage, and should be viewed as part of a broader negotiating strategy heading into licensing talks.
$RDDT down 5% because people think Reddit is walking away from Google? I actually see the opposite. This reads like a company telling Google, “The next contract won’t be $60M buddy” Google needs Reddit’s data 10x more today than it did when they signed the original deal