Reddit says it's made $203M so far licensing its data
In its IPO prospectus, Reddit revealed that it has contractual agreements to license its data worth a combined $203 million.
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I wonder if they will ever consider paying the users for the content they provide that constitutes "its" data. 🤔
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!".
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.
They said they'll be allowing users to cash out Karma.
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.
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.
If they charged users any amount of money there wouldn't even be 400000 of them anymore.
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.
This was my attitude until reddit took away my app. Now the site is the poster child for enshitification