The author has initiated long positions in Reddit ($RDDT) at $142.57 and Shopify ($SHOP) at $103.85, citing a new partnership and attractive valuations following 40% YTD declines. To further increase exposure, the author sold one-month-out puts for $SHOP at a $90 strike and $RDDT at a $130 strike. The investment thesis focuses on both companies as long-term compounders with accelerating growth, specifically highlighting Shopify's role in "agentic commerce."