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.