Reddit says it's made $203M so far licensing its data | TechCrunch
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In its IPO prospectus, Reddit revealed that it has contractual agreements to license its data worth a combined $203 million.
  • ooli@lemmy.worldEnglish
    0·
    9 months ago

    time to go edit all my old comment with random garbage generated by chatgpt

    • d2k1@feddit.deEnglish
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      9 months ago

      It is probably way too late for that to make any difference, no?

  • Pixelemme@lemm.eeEnglish
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    9 months ago

    I wonder if they will ever consider paying the users for the content they provide that constitutes “its” data. 🤔

    • KISSmyOS@feddit.deEnglish
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      9 months ago

      The users get a service that costs hundreds of millions to maintain for free.
      And no one is forcing them to post valuable content without compensation.

      • DreadPotato@sopuli.xyzEnglish
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        9 months ago

        Well there’s apparently more than 400 million active users every month, so they could charge users a few cent per month and pay for the infrastructure entirely. But they choose to be massive privacy invading assholes.

        • KISSmyOS@feddit.deEnglish
          0·
          9 months ago

          If they charged users any amount of money there wouldn’t even be 400000 of them anymore.