Yet another great reason to never use Reddit again! From what the article says it sounds like they are going to get paid big time to hand over everyone's unique posts and content to an AI company for them to use however they want without paying the users one cent...
this post was submitted on 19 Feb 2024
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Reddit signs content licensing deal with AI company ahead of IPO, Bloomberg reports
(finance.yahoo.com)
As always, if you're using the service for free, you're the product.
Except its not free. This is the lie no-one seems to understand.
Every product you buy has a % set aside for marketing. No company is sitting there thinking “oh look, free money just fell from the sky. Lets advertise so more people can have free stuff” or “oh, profits are up, lets put all those profits into advertising so people get even more free stuff”
But people don’t see seem to understand that no-one in advertising has an unlimited hole of cash they dip into to pay to advertise on sites so they can browse the site for free, you pay for reddit, etc every time you buy products!