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Saturday, 24 February, 2024

Reddit Earns $203M from Data Licensing

Reddit Earns $203M from Data Licensing

Reddit reports that through data licensing deals, it has made $203 million. The abundance of user-generated information on the platform is becoming more and more valuable to businesses looking for insights for a range of uses, such as trend analysis and market research. This substantial revenue stream emphasizes Reddit's growing significance as a data provider and shows how social media companies may make money off of their enormous user-generated content libraries.

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