“But we don’t need to give all of that value to some of the largest companies in the world for free.”
Steve Huffman wants AI companies to pay for Reddit comments that users wrote for free and moderators curated for free. Reddit made an estimated $350 million from ads two years ago and is eyeing an IPO. No prices are announced yet, and “apps that help people use Reddit” is a definition Reddit alone gets to write. The users who said things “you’d only ever say in therapy” get nothing.