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Reddit (RDDT, Neutral, $120 target) Anthropic lawsuit puts data licensing back in focus. Implications for GOOGL/OpenAI renewals, thoughts on AMZN, AAPL, META, MSFT as potential partners

We have gotten several questions about RDDT’s lawsuit filed last week against Anthropic and what it means for the trajectory of the data licensing business and RDDT’s stock more broadly.
Underlying
REDDIT INC

Provider
New Street Research
New Street Research

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Analysts
Dan Salmon

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