• chevron_right

      Reddit, AI spam bots explore new ways to show ads in your feed

      news.movim.eu / ArsTechnica · Yesterday - 22:18

    BRAZIL - 2024/04/08: In this photo illustration, a Reddit logo seen displayed on a computer screen through a magnifying glass

    Enlarge (credit: Getty )

    Reddit has made it clear that it’s an ad-first business. Today, it expanded on that practice with a new ad format that looks to sell things to Reddit users. Simultaneously, Reddit has marketers who are interested in pushing products to users through seemingly legitimate accounts.

    In a blog post today, Reddit announced that its Dynamic Product Ads are entering public beta globally. The ad format uses "shopping signals," aka discussions with people looking to try a product or brand, machine learning, and advertiser product catalogs in order to post relevant ads. Reddit shared an image in the blog post that shows ads, including with products and pricing, that seem to relate to a posted question. User responses to the Reddit post appear under the ad.

    Reddit's Dynamic Product Ads can automatically show users ads "based on the products they’ve previously engaged with on the advertiser’s site" and/or "based on what people engage with on Reddit or advertiser sites," per the blog.

    Read 19 remaining paragraphs | Comments

    • chevron_right

      Filmmakers Expand Piracy Liability Lawsuit, Add Dozens of Millions in Potential Damages

      news.movim.eu / TorrentFreak · 6 days ago - 20:19 · 3 minutes

    WOW! logo Under U.S. copyright law, Internet providers must terminate the accounts of repeat infringers “in appropriate circumstances.”

    Many ISPs have been reluctant to take such drastic measures, which triggered a wave of copyright infringement lawsuits in recent years with WideOpenWest ( WOW! ) as one of the targets .

    The Colorado-based Internet provider was sued by a group of movie companies including Millennium Media and Voltage Pictures. The filmmakers accuse the ISP of failing to disconnect the accounts of subscribers who were repeatedly flagged for sharing copyrighted material via BitTorrent.

    The movie companies hold WOW! liable for these pirating activities, which could lead to millions of dollars in damages. The ISP rejects the claims and responded with a motion to dismiss, which was denied last year , and the case remains ongoing today.

    Multi-Million Dollar Lawsuit Expansion

    After the case was stalled for over a year, the movie companies requested permission to submit an amended complaint, which would add seven new plaintiffs and more than 300 new works.

    The proposals raised the stakes significantly. Instead of 57 works, good for maximum statutory damages of roughly $8 million, an expansion to roughly 375 works would increase the statutory maximum to $56 million.

    In addition to the monetary stakes, the proposed update also introduced evidence from two new third-party piracy tracking companies, Irdeto and Facterra. The initial complaint only included piracy tracking information from anti-piracy partner Maverickeye.

    WOW protested these additions, but the court allowed the movie companies to go ahead. This week, they filed their second amended complaint at the Colorado federal court, making the changes official.

    Same Claims, Higher Stakes

    The nature of the claims against WOW! haven’t changed. The movie companies accuse the Internet provider of contributory and vicarious copyright infringement, as well as DMCA violations.

    The complaint lists several examples of WOW! subscribers who, according to the referenced piracy tracking data, repeatedly shared copyright-infringing content including plaintiffs’ films.

    From the amended complaint

    no action

    WOW! purportedly received tens of thousands of infringement notices and was allegedly aware of these piracy activities. However, the ISP decided not to take any action as that could hurt its revenues, the movie companies allege.

    “Defendant knew that if it terminated or otherwise prevented repeat infringer subscribers from using its service to infringe, or made it less attractive for such use, Defendant would enroll fewer new subscribers, lose existing subscribers, and ultimately lose revenue,” the amended complaint reads.

    Redditors and Site Blocking

    In addition to IP-address logs and other evidence, the movie companies also cite screenshots from Reddit users who discussed WOW!’s handling of piracy notices, or its lack thereof. They suggest that this acted as a draw to potential subscribers.

    “The ability of subscribers ‘who want it all’ to use Defendant’s high speed service to ‘intensively upload and download’ Plaintiffs’ Works without having their services terminated despite multiple notices being sent to Defendant acts as a powerful draw for subscribers of Defendant’s service,” they write.

    Cited Reddit Comments

    reddit comment

    Besides terminating accounts of subscribers whose connections are repeatedly used to pirate, the ISP could have taken other ‘simple’ actions as well. For example, by blocking notorious ‘pirate’ sites such as torrent sites YTS and (the now defunct) RARB.

    “Upon information and belief, Defendant refuses to block or limit its subscribers from accessing notorious piracy websites out of fear of losing subscriber revenue,” the complaint reads.

    Increased Damages and More

    To compensate for this wrongdoing, the plaintiffs request statutory damages up to the maximum of $150,000 per work. With roughly 375 titles in suit, damages could reach $56,250,000 for the copyright infringements alone. The DMCA violations could add millions more to this tally, the movie companies note.

    On top of the damages increase, the movie companies still seek far-reaching injunctive relief. They specifically request an order requiring WOW! to terminate the accounts of subscribers targeted by three unique infringement notices in three days.

    In addition to this mandatory three-strikes policy, WOW! should also block all alleged pirate sites listed in the USTR’s annual overview of notorious markets . This includes the likes of The Pirate Bay, FMovies, and YTS.

    Finally, the movie companies request an order that requires the Internet provider to disclose the identities of account holders whose accounts are flagged for copyright infringement. Needless to say, such an order would allow the companies to target the alleged pirates directly.

    A copy of the movie companies’ second amended complaint, filed against WOW! at the US District Court for Colorado, is available here (pdf)

    From: TF , for the latest news on copyright battles, piracy and more.

    • chevron_right

      Reddit Reports Surge in Copyright-Related User Bans

      news.movim.eu / TorrentFreak · Wednesday, 17 April - 10:32 · 2 minutes

    reddit-logo Without doubt, Reddit is one of the most popular user-generated content sites that exists on the Internet today.

    Last month, the community-driven news and discussion platform went public and, with a market cap of more than $6 billion, immediately became one of the larger tech players.

    While publicly traded companies operate under a different ruleset than private ones, Reddit remains committed to its transparency efforts. A few hours ago, the company released its latest transparency report detailing the actions it took in the second half of 2023.

    779,628 ‘Infringing’ Items Flagged

    At TorrentFreak, we are mostly interested in copyright-related actions. In recent years, we have seen an increase in copyright takedown notices on Reddit, partly driven by the platform’s growth. In the first half of 2023, rightsholders requested the removal of nearly a million items, which was an all-time record.

    During the second half of the year, this upward trend reversed. Reddit reports that rightsholders flagged 779,628 items between July and December, an 18% decrease compared to the first half of the year.

    reddit notices

    As shown above, not all of these takedown requests resulted in action. Reddit removed 69% of the reported items, which is the lowest removal percentage of the past two years. This logically means that little over half a million items were removed.

    The high rejection rate might suggest that rightsholders’ takedown requests are too broad. However, most takedowns are rejected simply because the content has already been removed. In 29,143 cases, Reddit concluded that there was no infringement; other, less common reasons, include suspected fraud and fair use.

    reddit declined reasons

    Copyright-Related User Bans

    Thus far, there is nothing to show that Reddit’s decision to go public had a major impact on its copyright takedown policies. That said, the company does signal a significant increase in copyright-related user bans.

    “From July to December of 2023, Reddit banned 792 users for repeat Copyright Policy violations, an increase of 258% compared to the first half of 2023. This large increase is a result of improvements to our detection methods and increased operational capacity,” Reddit writes.

    These user bans are in part the result of legal obligations. Under the DMCA, Reddit is required to implement a reasonable policy to deal with repeat copyright infringers on its platform.

    Improved detection methods and increased capacity suggest that Reddit takes repeat infringements seriously. However, if we go further back in time, we see that the number of banned users is far from a record. In the first half of 2022 , Reddit banned 3,859 users over repeat copyright infringements.

    Subreddit and Counter-Notices

    In addition to removing or banning posts, links, and users, Reddit also took action against entire subreddits. In the last half of 2023, the platform banned 452 subreddits, down 20% compared to the six months prior.

    Finally, Reddit points out that users can always object to takedown notices by sending counter-notices. In the final half of last year, the discussion platform received 397 counter-notices, of which 216 were deemed valid.

    The number of valid notices increased by 86% since the last report, which Reddit attributed to its increased operational capacity. As a result, 1,331 pieces of content were successfully restored.

    While not specifically mentioned in the report, Reddit also continued to object to requests from a group of filmmakers to identify Reddit users. The company does typically respond to U.S. subpoenas, but in this case, it argued that the requests violated users’ constitutional right to anonymous speech.

    Reddit’s latest transparency report covering the last six months of 2023 is available here

    From: TF , for the latest news on copyright battles, piracy and more.

    • chevron_right

      After overreaching TOS angers users, cloud provider Vultr backs off

      news.movim.eu / ArsTechnica · Friday, 29 March - 16:31

    After overreaching TOS angers users, cloud provider Vultr backs off

    Enlarge (credit: Wolfgang Reisser / 500px | 500px )

    After backlash, the cloud provider Vultr has updated its terms to remove a clause that a Reddit user feared required customers to "fork over rights" to "anything" hosted on its platform.

    The alarming clause seemed to grant Vultr a "non-exclusive, perpetual, irrevocable" license to "use and commercialize" any user content uploaded, posted, hosted, or stored on Vultr "in any way that Vultr deems appropriate, without any further consent" or compensation to users or third parties.

    Here's the full clause that was removed:

    Read 12 remaining paragraphs | Comments

    • chevron_right

      Reddit faces new reality after cashing in on its IPO

      news.movim.eu / ArsTechnica · Saturday, 23 March - 10:10

    Steve Huffman

    Enlarge / Steve Huffman, u/spez on Reddit, sold 500,000 of his shares in Reddit’s IPO on Thursday (credit: AFP via Getty Images)

    In an interview on the New York Stock Exchange trading floor ahead of Reddit’s market debut on Thursday, chief executive Steve Huffman acknowledged that the mischievous retail investors that congregate on the social media platform might deliberately drive down its share price.

    “It’s a free market!” he said.

    For Reddit, as for Huffman, the bet on a public offering for a site he described as a “fun and special, but sometimes crazy place” has appeared to pay off.

    Read 17 remaining paragraphs | Comments

    • chevron_right

      Reddit shares soar on first day of public trading

      news.movim.eu / TheGuardian · Thursday, 21 March - 20:32

    Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

    Reddit shares opened 38% above initial offer prices in the company’s trading debut on Thursday, valuing the social media platform at $8.87bn in a closely watched opening. The stock peaked at $57.80 a share, up 70%, before dropping to just under $50.

    The initial public offering for the San Francisco-based company was first priced at $34 a share, putting its market value at $6.4bn. The company and its selling shareholders raised $748m.

    Continue reading...
    • chevron_right

      Reddit shares priced at $34 in largest IPO by social media company in years

      news.movim.eu / TheGuardian · Wednesday, 20 March - 22:48

    Platform to make its debut on the New York Stock Exchange on Thursday with a market value of $6.4bn

    Reddit will enter a new era as a publicly traded company with a market value of $6.4bn after the social media platform’s initial public offering was priced at $34 per share.

    The price, announced late Wednesday, came in at the top of the target range set by Reddit’s investment bankers as they spent the past few weeks gauging investor demand for the stock. It sets the stage for Reddit’s shares to begin trading Thursday on the New York Stock Exchange under the ticker symbol RDDT in the largest initial public offering by a social media company in years.

    Continue reading...
    • chevron_right

      First it was Facebook, then Twitter. Is Reddit about to become rubbish too? | Hussein Kesvani

      news.movim.eu / TheGuardian · Wednesday, 20 March - 12:00 · 1 minute

    Reddit’s IPO is worrying for users – big money has a nasty habit of ruining our favourite sites

    Like many people who were laid off and house-bound during the Covid lockdowns, I spent an unfathomable amount of time learning an arcane skill that in no way would bolster my CV. Bookbinding was a hobby many of my friends and family were surprised I’d taken up – I wasn’t particularly skilled with my hands, and until then my life had largely revolved around technology and the internet.

    I spent hours learning complicated stitching techniques, the chemical composition of adhesives, and how to determine by touch where paper was made. All of my learning took place on a subreddit – a kind of bulletin board or forum on the website Reddit – called r/bookbinding , where a small online community of bookbinders would offer tips and advice on projects I was working on, completely free of charge. In my mind, it was as good as a pricey art school, providing a supportive, enthusiastic community that allowed me to learn the skill at my own pace – and without going bankrupt in the process.

    Places like r/bookbinding are increasingly rare in the age of platform-based social media driven by clickbait, algorithmic recommendations and invasive advertising designed to keep us scrolling for ever. The internet used to be full of special-interest forums populated by anonymous users sustaining a niche community, but most have either shut down or are rarely used. It is on Reddit, which started life in 2005 as a link-sharing messaging board, where the last remnants of the forum culture of the old internet remain. But, as it prepares to make its stock market debut this week, opening itself up to corporate investment and further venture capital, such communities are at risk of going extinct entirely.

    Hussein Kesvani is a journalist who writes on digital culture and politics

    Continue reading...
    • chevron_right

      Reddit aiming for $6.5bn valuation from New York flotation

      news.movim.eu / TheGuardian · Monday, 11 March - 14:19

    Company plans to raise up to $748m from sale of 22m shares, some of which have been set aside for users

    The social media network Reddit has revealed it is seeking a valuation of about $6.5bn (£5bn) at its imminent flotation on the New York Stock Exchange .

    The company said in a corporate filing with the US Securities and Exchange Commission on Monday that it planned to raise up to $748m by selling 22m shares valued at between $31 and $34 each in the largest initial public offering of a social media network in four years.

    Continue reading...