Privacy

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Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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

submitted 10 months ago by rinze@infosec.pub to c/privacy@lemmy.ml

138 comments fedilink hide all child comments

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.”

The long-awaited S-1 filing reveals much of what Reddit users knew and feared: That many of the changes the company has made over the last year in the leadup to an IPO are focused on exerting control over the site, sanitizing parts of the platform, and monetizing user data.

Posting here because of the privacy implications of all this, but I wonder if at some point there should be an "Enshittification" community :-)

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[–] s0ckpuppet@kbin.social 7 points 10 months ago (1 children)

Read: that means things are gonna get much worse around here

[–] Annoyed_Crabby@monyet.cc 7 points 10 months ago (1 children)

When Reddit go public we gonna see some serious shit.

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[–] cupcakezealot@lemmy.blahaj.zone 6 points 10 months ago (1 children)

monetizing the most racist community outside of twitter what could go wrong?

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[–] randomaside@lemmy.dbzer0.com 5 points 10 months ago

I do think it's interesting that a lot of people seem to think AI is going to take away jobs but understanding AI just a tiny fraction, it seems like the things that are threatened are one that were already micro serviced away like internet search.

We use search everyday and having the best search engine means being the best tech company. These companies are in a race to topple Googles search dominance through providing AI as a service. There's money in them hills if you can train an AI to recommend when and where to go buy the newest shiny thing that solves all your problems.

[–] KingThrillgore@lemmy.ml 5 points 10 months ago (1 children)

It took them how many years to monetize their user base? This company is run by complete idiots.

[–] veeesix@lemmy.ca 7 points 10 months ago

Given that Spez managed to write himself a $193M cheque, I’d say it’s idiots all the way down.

[–] aniki@lemm.ee 4 points 10 months ago* (last edited 10 months ago) (1 children)

I wonder if they would use the data on all my old accounts that got banned for promoting violence against the billionaire class.

Don't forget kids -- all rights are won through violence.

[–] Kir@feddit.it 3 points 10 months ago

The forgotten truth nobody wants to remember.

[–] Semi-Hemi-Demigod@kbin.social 3 points 10 months ago

See, most companies would do this before they went public.

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