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[The Guardian] There is no moral high ground for Reddit as it seeks to capitalise on user data (www.theguardian.com)
submitted 3 years ago by to c/lemmyworld@lemmy.world
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CEO Steve Huffman says tech giants should not be able to trawl Reddit’s huge store of data for free. But that information came from users, not the company

That “corpus of data” is the content posted by millions of Reddit users over the decades. It is a fascinating and valuable record of what they were thinking and obsessing about. Not the tiniest fraction of it was created by Huffman, his fellow executives or shareholders. It can only be seen as belonging to them because of whatever skewed “consent” agreement its credulous users felt obliged to click on before they could use the service.

Ouch

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[–] 2 points 3 years ago

Honestly, I think the sad truth is that reddit is bleeding money, and every action they take from here on out will be about recruiting whales and driving off everyone else. That's steve's brilliant business strategy - make reddit p2w.

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