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Reddit: 'We Are in the Early Stages of Monetizing Our User Base' (www.404media.co)

submitted 8 months ago by DolphinMath@slrpnk.net to c/technology@lemmy.world

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Reddit said in a filing to the Securities and Exchange Commission that its users’ posts are “a valuable source of conversation data and knowledge” that has been and will continue to be an important mechanism for training AI and large language models. The filing also states that the company believes “we are in the early stages of monetizing our user base,” and proceeds to say that it will continue to sell users’ content to companies that want to train LLMs and that it will also begin “increased use of artificial intelligence in our advertising solutions.”

On Wednesday, Reuters reported that Reddit has entered a contract with Google, which will license its content for $60 million a year in order to train Google’s AI models.

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[–] Dariusmiles2123@sh.itjust.works 111 points 8 months ago (7 children)

I wasn’t really against Reddit when I left to go on Lemmy. It was mostly to try something which is luving because of its users.

Now I’m glad I did.

[–] finalarbiter@lemmy.world 70 points 8 months ago (2 children)

Ditto. I left during the api stuff, but left my account in case they calmed down and realized it was stupid. The whole 'selling data for ai training' and actually filing for an ipo is what actually drove me to delete my 15 year old account today

[–] Corkyskog@sh.itjust.works 29 points 8 months ago (1 children)

Eh, deleting accounts does little. I am just going to sell my old accounts to spammers/bots after IPO. They all are old and have no emails attached yet.

[–] Hadriscus@lemm.ee 19 points 8 months ago (1 children)

Wait, I can make money with my old accounts ? who do I talk to ?

[–] Corkyskog@sh.itjust.works 7 points 8 months ago (2 children)

During the API thing 8+ year old accounts were selling for $20 to $100 on eBay. But eBay is probably a bad place to sell if you want a quick sale, there are websites dedicated to buying and selling social accounts.

I havent checked current pricing, but if you have an account with no linked email, I wouldn't take less than $25 for it.

[–] STOMPYI@lemmy.world 3 points 8 months ago

i saw tons of shills on superstonk gme what have yous. 5-10 year accounts with no post or any hisotry for say 2-3 years come in and start sowing all sorts of doubt and whining and fighting adn racist shit... thats my perspective

[–] Hadriscus@lemm.ee 1 points 8 months ago

Ah, but my accounts have a linked email. Thanks for the info anyway

[–] june@lemmy.world 15 points 8 months ago

I still have my porn account over there but barely used it for anything other than lurking porn. They can have it.

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