The FTC is worried that the big tech firms will further entrench their monopolies. They are doing a lot of good stuff lately; an underappreciated boon of the Biden Presidency. Lina Khan looks to be really set on fixing decades of mistakes.
I guess they just want to know if these deals lock out potential competitors.
Good, it’s about time the ftc grew a few teeth to fight with. They’ve been toothless for way too long.
Poor spez. If it wasn’t for bad luck, he’d have no luck at all.
Fuck him. His 195m compensation probably makes it easier to swallow.
Spez definitely swallows
something something jailbait
That compensation is reddit stock so let’s see how much it’s worth after the stock price tanks
I stillndont know how could someone look sonclose to lizard people with those eyes ans face with out actually being lizard people… that we know of.
Just kind of dawned on me while looking at the number, Reddit’s licensing deal with Google is valued at $60 million per year. That’s really not very much money at all, considering the amount of data Reddit has and continues to accumulate. And chump change for Google, no doubt. Reveals how little leverage Reddit actually has at this point. This was their flagship deal, and the best they could get was $60mil per year.
Also puts the API fiasco in a new light. “Look, we need to charge for API calls, because we need to restrict public access to data as a precondition of selling all your shit in a few months to Google, for the financial equivalent of a cup of coffee.”
Well Reddit also got boosted search results in google. Their traffic jumped up by like 60%.
What a fuck you to the community that is. So glad I left and never looked back.
Maybe a few years in the clink will teach Steve a little humility.
Little pig boy? … I doubt he ever sees the inside of anything like a jail.
Man wouldn’t something like that be nice
Would never ever ever happen.
I mean, assuming he actually broke laws. I wouldn’t want the government to be just arbitrarily locking people up
I feel like there’s a reference there I’m missing
Does this have any impact on the IPO? Would they have to delay it (again)?
Sigh. I keep getting my popcorn ready to watch the shitshow and it’s like something always comes up and it never happens.
Makes me wonder if these things aren’t coincidences.
Let’s hope so!
I feel like the whole Reddit AI deal is a trap. If any real judgment comes down about data use Reddit is an easy scapegoat. There was basically nothing stopping them from scraping the site for free.
