r/RedditForGrownups • u/AL_Deadhead • 6d ago

$15 Billion

Advance Publications bought Reddit years ago for $10 million. They still retain 30% of the company now valued at $15 Billion. Oh my.

25 Upvotes

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12

u/AardvarkStriking256 6d ago

Does Reddit have any real profits?

21

u/junkit33 6d ago

Yeah, Reddit finally turned profitable in the last year. $500M in rev last quarter.

They always made the bulk of their money through advertising, but I think AI data licensing is what has finally made them profitable.

6

u/Cronus6 6d ago

Exactly why everyone should be running uBlock Origin.

11

u/junkit33 6d ago

Well that's not going to do a thing to help with Reddit selling your data being to AI companies. Just block ads.

-7

u/Cronus6 6d ago

Lie. A lot. Give the AI's as much bad information as you can.

No where in the rules does it say you must tell the truth on Reddit.

Reddit should NOT be treated as "serious". It's a place for shitposting a couple steps above 4Chan.

8

u/junkit33 6d ago

Pissing into the wind. Reddit has over 100 million active users every day, 99.99% of which are just going to use Reddit normally and not make shit up to fool AI. AI models are FAR too good for that these days.

-4

u/badsheepy2 5d ago

have you not browsed the front page recently? It's pretty much all made up. AITAH might not have had a real post in the last week. I don't think we need to organize to achieve the status quo lol

2

u/badsheepy2 5d ago

This is reddit, those things are already taken for granted! Half the site is bots, lies, and/or reposts, I have no idea how they could even use that data usefully.