Where Reddit differs among its tech peers is in its striking dependence on its user base to keep things operational. Reddit must keep its users satisfied and its efforts to expand its limited (and already unpopular) advertising formats could send users packing. 98% of Reddit’s revenue is made up of advertising income. And of that, 26% came from just 10 ad clients in 2023. Investors will be watching this closely and expect more diversity sooner rather than later
If you are in the EU file a complaint with your supervisory authority as reddit is illegally processing and selling data of children to be trained with by Google, not to mention all other users who weren’t properly informed, nor consent retrieved. This one is going to be fun.
How would one go about this?
I posted an extensive write up over here: https://kbin.social/m/[email protected]/t/854162/Any-EU-based-users-of-reddit-should-immediately-file-a
Scroll down to the last section for tl;dr instructions :)
Cheers!