In an interview Thursday with CNBC’s Jim Cramer, reddit CEO Steve Huffman suggested he understands the position of opponents in the company’s lawsuit against Perplexity and Anthropic, alleging that they collected data from the sites without permission.
“Look, we think there are two sides to this. Obviously, we can’t add anything to the legal conversation right now, but our complaint is there and we think it’s actually a good read,” Huffman said. “Our duty is to protect data for our business and our users, and we also have great relationships with Google and OpenAI in this space.”
Huffman said he and his partner like to: google They recognized the value of OpenAI and Reddit’s data and learned how to work together to “make each other’s products better for our mutual customers.” He added that he looked forward to “developing these relationships.”
Both Perplexity and Anthropic deny the allegations.
Reddit signed data-sharing agreements with OpenAI and Google last year, and the deal with Google is reportedly worth about $60 million.
Huffman also touched on his company’s recent earnings report (which beat expectations for earnings and revenue), highlighting Reddit’s success in growing ad revenue by 74% year-over-year.
“As far as we can see, the advertising market is stable,” Huffman told Kramer. “We have heard from our customers that there is some uncertainty around macros and perhaps tariffs. But as always, we are committed to working with our customers in good faith and doing our best to deliver results.”
