Reddit goes public and invites users to invest

Reddit Inc. has filed a registration statement with the U.S. Securities and Exchange Commission describing the company’s financial performance and business goals ahead of its IPO, writes the Verge. Reddit makes its debut on the New York Stock Exchange under the ticker RDDT. From the text of the document it ... Read more

Reddit to sell content for training AI models from Google

Reddit has signed an agreement with Google to provide its content for training the tech giant’s artificial intelligence models. This was reported by Reuters, citing informed sources. According to one of the agency’s interlocutors, the contract with Google, owned by Alphabet, is worth about $60 million a year. As it ... Read more

Reddit agrees to sell its users’ content to train AI

Reddit has signed an agreement with an unnamed company that allows the use of user content on the platform to train an artificial intelligence model, writes Bloomberg. The company told potential investors that the deal, which was signed earlier this year, is worth $60 million per year. This is yet ... Read more

Reddit is negotiating a possible IPO in early 2024

Reddit Inc. is again in talks with potential investors about an initial public offering (IPO). This is reported by Bloomberg, citing informed sources. According to them, Reddit is considering an IPO in the first quarter of next year. As a reminder, at the end of 2021, the company submitted an ... Read more

Reddit faces content quality issues after replacing protest moderators

Reddit faced a problem with content quality after it recently replaced some moderators. Ars Technica writes about the situation and its possible consequences. The problem arose after Reddit announced an increase in API fees in the spring. The platform’s decision angered the subreddits, so they announced a protest. As a ... Read more

Reddit is testing “Official” labels to verify the authenticity of profiles

Reddit is starting to test a new “Official” label that will make it easier to determine the authenticity of an account. This is reported by The Verge. Such a label will appear on the entire site, which means that the moderators of individual subreddits will not have to check specific ... Read more

Reddit is taking control of one of the largest protest subreddits

Reddit takes control of r/malefashionadvice, which is considered one of the biggest protest subreddits. It went private as a sign of disagreement with changes in the platform’s API pricing, writes The Verge. The subreddit is now open, meaning that Reddit users can once again view community content. However, only certain ... Read more

Cyberpunk 2077 players joined protests against Reddit administration and bombarded r/cyberpunkgame with their characters’ nudes

User protests against Reddit’s new policy are not abating. And while some subreddits removed the NSFW content and returned to normal life, others, on the contrary, went on strike. So recently, the largest subreddit of Cyberpunk 2077 fans joined the protests with NSFW content – r/cyberpunkgame which has over 1.1 ... Read more

Reddit pressures protesting moderators to open private communities

Reddit is pressuring moderators who set their subreddits to privacy to reopen their communities this week. This was reported by The Verge. The company gave moderators until Thursday afternoon to lay out plans for the opening. At the same time, it stated that subreddits cannot remain closed. Reddit didn’t specify ... Read more

Artificial intelligence created a parody video of a duel between Elon Musk and Mark Zuckerberg

While Elon Musk and Mark Zuckerberg are discussing a possible duel, the Internet speculates what exactly it will look like. So, Reddit published a parody video of the upcoming duel. Of course, artificial intelligence was used for its preparation. For the parody clip, a video from the 1993 comedy Hot ... Read more

Three of Reddit’s biggest subreddits have rebooted in the funniest way

Three major subreddits, r/pics, r/gifs, and r/aww, have relaunched after participating in protests against Reddit, but have only allowed posts about comedian and Last Week Tonight host John Oliver to be published, according to The Verge. “As many of you are aware, we recently held a poll to decide on ... Read more

The moderators are preparing an indefinite shutdown to get Reddit to comply with their demands

The moderators are calling for an “indefinite blackout” to force Reddit to comply with their demands, including lowering the cost of the API. This is reported by Gizmodo. The corresponding message appeared shortly after an internal memo to employees from the platform’s CEO Steve Huffman was made public. In it, ... Read more

Reddit’s CEO says the subreddits’ protest had little impact on the platform’s revenue

Reddit CEO Steve Huffman believes the shutdown of thousands of subreddits in response to a change in the platform’s pricing policy will eventually pass. He wrote about this in an internal memo to employees, reports The Verge. “There’s a lot of noise with this one. Among the noisiest we’ve seen. ... Read more

Over 6,000 subreddits have gone private due to Reddit pricing changes

Over 6,000 subreddits have gone private, protesting Reddit’s upcoming API pricing changes, writes The Verge. In particular, the communities with the largest number of subscribers on the platform joined the campaign: r/funny, r/aww, r/gaming, r/music and r/science. They are now no longer publicly available, even to Reddit users who were ... Read more

Apollo will not survive Reddit’s pricing policy and will close on June 30th

The Apollo app that allows users to interact with Reddit on iOS will be shut down due to new high API prices, reports The Verge, citing app developer Christan Selig. According to him, the application will be closed on June 30. Apollo will close down on June 30th. Reddit’s recent ... Read more

Reddit will not apply the new pricing policy to accessibility apps

The Reddit platform will make an API pricing exception for accessibility-oriented apps. This is reported by The Verge. This may come as a big relief to some developers who will struggle to cope with the increased fees. It’s also good news for users who rely on such apps to browse ... Read more

Dozens of subreddits will become private starting June 12 due to Reddit’s new policy

Dozens of subreddits and moderators are set to “go dark” starting June 12, i.e. become private, in response to Reddit’s API price hike. This was reported by Engadget. Such well-known subreddits as Earthporn, LifeProTips, ReactionGIFs and Videos intend to join the campaign. According to the protestors, Reddit’s new policy will ... Read more

The developer says Reddit could charge him $20 million a year just for keeping his app running

The Apollo app that allows users to interact with Reddit on iOS could face millions in fines over Reddit’s new paid API model. This was reported by The Verge. According to the developer of the application, Christian Selig, Reddit could charge Apollo about $20 million a year if it operates ... Read more

Reddit has become a repository of a huge amount of content, now the service is going to charge companies that train chatbots on its data

After Twitter restricted third-party access to its data, Reddit announced it would begin charging for its API, reports TechCrunch. This change is not a general policy, and the API will remain free for developers building apps and bots that help people use Reddit, as well as for researchers studying Reddit ... Read more

Disney wants Google and Reddit to identify Ant-Man and the Wasp: Quantumania leakers

At the beginning of the year, a month before the release of the Ant-Man and the Wasp: Quantumania movie, a 63-page Google Docs transcription of the film’s dialogue was shared by user MSSmods on the Marvel Studios Spoilers page at Reddit. Now Disney wants to know who is responsible and ... Read more

Spotify users create weird playlists and share them on Reddit

A new trend is spreading on Reddit. Spotify users create or find playlists with strange names. The songs are added in such a way as to continue the title and make a short (often funny) story.  Screenshots of the most successful puns users share on Reddit. You can see them ... Read more