CEO, Steve Huffman, addresses investors: 

As the internet becomes flooded with synthetic content, people are craving real human perspective. We are the antidote to an automated web. AI compresses the internet into summaries. 

Reddit delivers the opposite: deep discussions, passionate debates, and lived experiences. People don’t want a summary of Reddit; they want Reddit.

Interesting take Steve. I guess they have to tell investors something other than reddit has allowed AI bot takeover on Subreddits have strict rules that mute most of its real users.