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Reddit says it's made $203M so far licensing its data (techcrunch.com)

submitted 8 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world

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[–] falkerie71@sh.itjust.works 7 points 8 months ago* (last edited 8 months ago) (1 children)

Yeah, probably not. When you sign up and agreed to their ToS, they don't "own" your content, but you grant them a worldwide, royalty-free, perpetual, irrevocable, non-exclusive, transferable, and sublicensable license to use it without compensation.

From their ToS:

Any ideas, suggestions, and feedback about Reddit or our Services that you provide to us are entirely voluntary, and you agree that Reddit may use such ideas, suggestions, and feedback without compensation or obligation to you

Source: A pretty good post on r/HFY, though it is on Reddit, so don't click it if you don't want to :P

[–] dohpaz42@lemmy.world 6 points 8 months ago

But how many TOS have been shot down because they over reach? I don’t know. You’re probably right. It it’s still fun to imagine.