The UK Information Commissioner’s Office (ICO) has fined Reddit £14.47 million (over $19.5 million) for collecting and using the personal information of children under 13 without adequate safeguards.
Q4 Revenue grew 70% year-over-year to $726 million. 2025 Revenue grew 69% to $2.2 billion. Q4 Net Income $252 million, 35% of revenue. Source
But that’s cool, I’m sure 19 million will teach 'em. I wonder how much they sold that data for.
fierysparrow89@lemmy.world 2 days ago
Hard to interpret this amount any other way than permission to keep doing the same thing. $20M is like a rounding error for Big Tech.
possiblylinux127@lemmy.zip 2 days ago
Really? Reddit is still smaller than the big guys
one_old_coder@piefed.social 1 day ago
$2 billions of revenue in 2025.