cross-posted from: slrpnk.net/post/7669534
The FTC is probing Reddit’s AI licensing deals
Poor spez.
The FTC is probing Reddit’s AI licensing deals
Submitted 8 months ago by ZeroCool@slrpnk.net to technology@lemmy.world
https://www.engadget.com/the-ftc-is-probing-reddits-ai-licensing-deals-212902998.html
Comments
Docus@lemmy.world 8 months ago
JeeBaiChow@lemmy.world 8 months ago
Fuck him. His 195m compensation probably makes it easier to swallow.
laxe@lemmy.world 8 months ago
That compensation is reddit stock so let’s see how much it’s worth after the stock price tanks
AtariDump@lemmy.world 8 months ago
kosanovskiy@lemmy.world 8 months ago
I stillndont know how could someone look sonclose to lizard people with those eyes ans face with out actually being lizard people… that we know of.
finickydesert@lemmy.ml 8 months ago
Something might happen, maybe…
mosiacmango@lemm.ee 8 months ago
This FTC is really aggressive, so this is literally true, not just sarcasticly true.
empireOfLove2@lemmy.dbzer0.com 8 months ago
And more importantly, any indication of impending regulatory action tends to spook away investors who might not want to be on the hook for fines and forced changes to business model. Yet another staple in the rotting cardboard casket of Huffman’s favorite piggy bank.
laxe@lemmy.world 8 months ago
Lina Khan is taking her role seriously. She needs more time though, let’s hope she’ll have it.
voluble@lemmy.world 8 months ago
Just kind of dawned on me while looking at the number, Reddit’s licensing deal with Google is valued at $60 million per year. That’s really not very much money at all, considering the amount of data Reddit has and continues to accumulate. And chump change for Google, no doubt. Reveals how little leverage Reddit actually has at this point. This was their flagship deal, and the best they could get was $60mil per year.
Also puts the API fiasco in a new light. “Look, we need to charge for API calls, because we’re going to be selling all your shit in a few months to Google, for the financial equivalent of a cup of coffee.”
can@sh.itjust.works 8 months ago
What a fuck you to the community that is. So glad I left and never looked back.
TheFriar@lemm.ee 8 months ago
Well Reddit also got boosted search results in google. Their traffic jumped up by like 60%.
db2@lemmy.world 8 months ago
Maybe a few years in the clink will teach Steve a little humility.
billwashere@lemmy.world 8 months ago
Little pig boy? … I doubt he ever sees the inside of anything like a jail.
ripcord@lemmy.world 8 months ago
Man wouldn’t something like that be nice
Would never ever ever happen
db2@lemmy.world 8 months ago
I feel like there’s a reference there I’m missing
Jordan117@lemmy.world 8 months ago
Does this have any impact on the IPO? Would they gave to delay it (again)?
jaybone@lemmy.world 8 months ago
Sigh. I keep getting my popcorn ready to watch the shitshow and it’s like something always comes up and it never happens.
Makes me wonder if these things aren’t coincidences.
captainastronaut@seattlelunarsociety.org 8 months ago
Let’s hope so!
BetaDoggo_@lemmy.world 8 months ago
I feel like the whole Reddit AI deal is a trap. If any real judgment comes down about data use Reddit is an easy scapegoat. There’s basically nothing stopping them from scraping the site for free.
General_Effort@lemmy.world 8 months ago
The FTC is worried that the big tech firms will further entrench their monopolies. They are doing a lot of good stuff lately; an underappreciated boon of the Biden Presidency. Lina Khan looks to be really set on fixing decades of mistakes.
I guess they just want to know if these deals lock out potential competitors.
nexussapphire@lemm.ee 8 months ago
Good, it’s about time the ftc grew a few teeth to fight with. They’ve been toothless for way too long.