FTC conducting inquiry into Reddit's AI data-licensing practices ahead of IPO
Publishing timestamp: 2024-03-15 18:33:48
Summary
Reddit is being probed by the FTC for its data-licensing practices as it plans to go public with shares valued at $31 to $34 apiece. The company's revenue rose 20% last year, with 98% coming from advertising. Reddit's data-licensing business has faced backlash from moderators in the past.
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