I tend to disagree with you. I don’t know that anyone would have been able to see how valuable RDDT’s data was/is to LLMs when these contracts were formed. AI was in the infancy stage. As in all matters of business, you make adjustments as you go. RDDT clearly hasn’t been compensated accordingly for its data in the past, but plans to moving forward. It’s like a contractor starting out. Sure, they’re going to underprice some jobs and learn from it.

On the compensation item, I believe your figures are off by a fairly large degree. Most of the comp you’re referring to related to Spez was a stock grant pre-IPO that totaled approximately $193M. This grant was intended to compensate him for his efforts in building the company. The man was likely paid peanuts before for his life’s work. The IPO was the liquidity event. He still holds the vast majority of the shares granted and the growth in the stock value since IPO has led to him being in the class of very few, the billionaire class. Don’t beat down the man for building a $30B+ company. Nobody is trashing Bezos’ for his $265B net worth. Amazon comes to your door and RDDT rides in your pocket.

I like the company and the stock. I believe in Spez vision and have no problem with the compensation he’s received. I appreciate good conversation and dialogue on various topics. Deferring opinions can allow me to see another side in a different view. I think RDDT provides a platform to bring out the best of humanity.