Reddits

Reddit’s Sale of User Data for AI Training Draws FTC Inquiry

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Reddit said ahead of its IPO next week that licensing user posts to Google and others for AI projects could bring in $203 million of revenue over the next few years. The community-driven platform was forced to disclose Friday that US regulators already have questions about that new line of business. In a regulatory filing, … Read more

FTC inquiry into Reddit’s AI data-licensing practices ahead of IPO

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Reddit said on Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. “On March 14, 2024, we received a letter from the FTC advising us that the FTC’s staff is conducting a non-public inquiry focused on our sale, licensing, or … Read more

Reddit’s planned IPO share price seems high, unless you look at its AI revenue

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Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share. If investors agree to pay its high-end range, its valuation should hit around $5.4 billion. At the low end of this range, $31 billion, though … Read more

Tales From the Void Brings Reddit’s Scariest Stories to TV Life

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Like Twitter or Tiktok, Reddit is a platform built on (often fake) stories—some funny, some sad, and some scary as hell. And with anything up for grabs to turn into a TV show or movie, the scariest (and most viral) of Reddit’s horror tales are being adapted for the small screen with the upcoming series … Read more

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

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Advance, the owner of Condé, owns 30 percent of Reddit with other investors, board members, and employees holding the rest. Among them, OpenAI CEO Sam Altman, an early user and investor in Reddit, has 8.7 percent of the company, according to Thursday’s filing. Some of Reddit’s power users in the US could join the ranks … Read more

Third-party Reddit app Narwhal hopes to survive Reddit’s app purge with a subscription plan

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After a nasty battle between the developers of third-party apps and Reddit management, ultimately resulting in a site-wide protest, many app makers were put out of business due to Reddit’s price increases related to the usage of its API. Though the changes meant the loss of popular apps like Apollo, RIF (Reddit is Fun), ReddPlanent, … Read more

This is a Timelapse of r/Place Protesting Reddit’s CEO

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Screenshot: Gizmodo The third incarnation of Reddit’s r/Place has come and gone, and now the social media platform has launched a timelapse compilation of the undertaking to spotlight the entire whimsy—and anger—of its customers. Reddit Knowingly Downvoting Self | Future Tech r/Place is a group artwork undertaking on Reddit that has simply ended its third … Read more

Right here’s learn how to watch the evolution of Reddit’s r/Place canvas — together with its protest artwork

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Reddit wrapped up its 2023 r/Place collaborative canvas on Tuesday, however in the event you missed it whereas it was occurring or need to relive the evolution of the paintings, there’s a couple of methods to look again on the undertaking. For those who simply need to take all of it in because it occurred, … Read more

Considered one of Reddit’s largest communities is suggesting customers transfer to Discord

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The largest Reddit neighborhood that’s nonetheless personal as a part of the Reddit protest is now encouraging its customers to congregate elsewhere: Discord and Substack. Should you at the moment attempt to go to r/malefashionadvice, which has greater than 5 million subscribers, you’ll be greeted with a web page that means you go to the … Read more