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Reddit says it's made $203M so far licensing its data (techcrunch.com)

submitted 8 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[–] Pixelemme@lemm.ee 10 points 8 months ago (3 children)

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

[–] ours@lemmy.world 3 points 8 months ago (1 children)

Pay? They are trying to "stonk" Reddit users by asking them to buy stock for the IPO which screams "We want your data and your money!".

[–] Pixelemme@lemm.ee 4 points 8 months ago

Yeah. They are giving the users the "privilege" to buy shares at the open market rate. Not even at discounted rates. Again US only. What about the others? They just give their data I suppose.

[–] dangblingus@lemmy.dbzer0.com 1 points 8 months ago

They said they'll be allowing users to cash out Karma.

[+] KISSmyOS@feddit.de -8 points 8 months ago (2 children)

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.xyz 12 points 8 months ago (1 children)

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.de 1 points 8 months ago (1 children)

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

[–] DreadPotato@sopuli.xyz 5 points 8 months ago* (last edited 8 months ago)

Yes there'd be less, but the amount is purely speculative and you don't know anymore than I do.

Even if they have to go with the ad-supported model to maintain a large active userbase, that can easily be done without all the tracking. But again, they chose the shittiest option...there's really a pattern of them just being massive assholes. No matter what options they have, they'll apparently go for the shittiest one that screws over the users the most.

[–] Socsa@sh.itjust.works 5 points 8 months ago

This was my attitude until reddit took away my app. Now the site is the poster child for enshitification