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Impact of Reddit's data policies on stock value by end of 2024
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Resolution / Starting Odds
Significant increase in stock value • 33%
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Financial reports, stock market analysis, or credible financial news sources
Story
Reddit Tightens Data Use Policies, Projects $60M in 2024 Licensing Revenue
May 9, 2024, 04:51 PM
Reddit has introduced a series of new policies aimed at tightening control over the use of its data. The policies include a prohibition on sending advertisements to users without their consent and a restriction on AI data licensees from utilizing deleted posts or comments. Additionally, Reddit now mandates that the use of its public data must be governed by a contract. The company anticipates generating over $60 million in licensing revenue in 2024 from these new regulations.
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