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Reddit’s Strategic Play Lands it a $60M Content Licensing Deal Before IPO

IT Toolbox

Almost a year after Reddit made difficult changes to monetize its data at the expense of losing some important users, the company reportedly secured a $60 million deal. Content licensing deal for AI training is thus the new business model on the block.

Licensing 254
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Reddit is going public. Will its unruly user base revolt?

Vox

Reddit, the launchpad for many meme stocks , could now become one: The social media giant makes its debut on Wall Street this week in one of the most highly anticipated initial public offerings of the year. The nearly 20-year-old company is seeking to raise up to $748 million in its IPO on March 21, putting its valuation at about $6.4

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MicroSoft: Still dominating in enterprise office automation

CTOvision

Here is how Microsoft describes themselves: Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. public company, passes Exxon Mobil (geekwire.com). Got Microsoft?

Microsoft 150
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Reuters finally decides to charge you for its online news stories with a paywall

The Verge

Reuters.com draws 41 million unique visitors monthly, according to the company , but it has not charged for access like other news sites in its business-centric niche have done for some time. Reuters said it generates half of its revenue from its largest client, the financial data firm Refinitiv, and also makes money from online advertising.

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Scammers allegedly earned $195,000 referring fake drivers to delivery apps

The Verge

It accuses 14 people — all Brazilian nationals and most living in Massachusetts — with identity theft against five unnamed companies. They allegedly used alcohol orders as an excuse to scan users’ driver’s licenses. Prosecutors filed the wire fraud charges against 19 people in total, and 16 have been arrested.)

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T-Mobile data breach exposed the personal info of more than 47 million people

The Verge

T-Mobile has released more information about its most recent data breach , and while the company’s findings fall short of the reported 100 million records, the numbers are staggering. million postpaid customers (those who currently have a contract) were stolen.

Mobile 114
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Twitter makes all of its money from ads. It’s trying to change that.

Vox

Haile has said his service isn’t supposed to replace internet advertising , but says publishers who work with his company can make more money that way than via ads. And if Scroll had a substantial number of subscribers, he likely wouldn’t have sold the company to Twitter. It will be interesting to see what happens to Scroll now.

Media 98