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At 20 years old, Reddit is defending its data and fighting AI with AI

  • On March 21, 2024, Reddit CEO Steve Huffman rang the opening bell at the NYSE, marking Reddit's IPO with a $47 share price in New York City.
  • Earlier this month, Reddit sued Anthropic, alleging unlawful and unfair business acts for covertly scraping subreddit data without permission to improve AI models.
  • In December, Reddit introduced Reddit Answers, a feature powered by AI tools from OpenAI and Google, which now attracts over one million users weekly who benefit from AI-generated summaries based on the platform’s community content.
  • CTO Chris Slowe highlighted that Reddit’s AI features preserve direct connections to original content, urging that the platform’s unique character be maintained. He also warned against exploiting Reddit’s resources without consequences, emphasizing the company’s commitment to protecting its interests.
  • Reddit's lawsuit signals its intent to protect user-generated content from improper use as it embraces AI to enhance experience and faces competition in an evolving search ecosystem.
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CNBC broke the news in United States on Saturday, June 28, 2025.
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