Skip to content

Reddit’s Strategic Play Lands it a $60M Content Licensing Deal Before IPO

Almost a year after Reddit made difficult changes to monetize its data at the expense of losing some important users, the company reportedly secured a $60 million deal. Content licensing deal for AI training is thus the new business model on the block. They can offer a legal high ground and allow companies like Reddit to reduce their advertising dependency, much to the delight of users.

The post Reddit’s Strategic Play Lands it a $60M Content Licensing Deal Before IPO appeared first on Spiceworks.

Leave a Reply

Your email address will not be published. Required fields are marked *