this post was submitted on 23 Feb 2024
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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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[โ€“] ColeSloth@discuss.tchncs.de 3 points 8 months ago (1 children)

The exchange is you getting to be on reddit.

[โ€“] TWeaK@lemm.ee 1 points 8 months ago

No, it isn't. The website is offered free of charge, regardless of whether you provide them data or content. The exchange for data/content is a second transaction tucked away in the terms and conditions, and the website offers nothing in return for that.

The reason the 2nd exchange is hidden in the terms and conditions is to intentionally hide what the user is giving away, such that the user cannot make a fair value assessment. It is fraudulent and deceptive.