The FTC is looking into how Reddit licenses data before its IPO
MashableAsia·2024-03-18 12:00
Reddit is planning on going public. But first, the Federal Trade Commission has to check on some stuff.
The social mediacompany revealed that on March 14, the FTC sent them a letter declaring that the commission would conduct a "non-public inquiry" regarding Reddit's licensing of user-generated data for training third-party AI models, per CNBC. Data licensing is a young business for Reddit, which relies mostly on advertising revenue at this point.
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