> If you accept that Reddit could be OpenAI's moat, I think you could explain Reddit's behavior even without OpenAI's intervention. Like the premise here is tha

> If you accept that Reddit could be OpenAI's moat, I think you could explain Reddit's behavior even without OpenAI's intervention. Like the premise here is that Reddit's data is super valuable and so OpenAI would want to stop others from getting it. But it also makes sense to say Reddit's data is super valuable so Reddit would want to limit access to it and be able to charge a premium for it. I don't think I have a refutal, honestly. OpenAI aside, Reddit clearly has realized that their data is valuable, perhaps more valuable than their ads business. This is why my piece is frankly very speculative: the strategy aligns really well and the financial interests are there, but I wish I had a great argument why my theory is more likely than simply Reddit trying to capture the value of their data.