Answer
An alga (Trentepholia sp.). Trentepohlia is usually part of a lichen, but in this photo it’s “free living” - not associated with a fungus to make a lichen. A lichen is a combination of a fungus (the mycobiont) and an alga or sometimes blue-green bacteria (the photobiont). Trentepohlia is a green alga but it looks red (or yellow or orange) because the chlorophyll is masked by carotenoid pigments.
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