The disclosure follows an inquiry by the FTC focused on Reddit’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models
Reddit is evaluating a letter from Nokia Technologies alleging it infringed some of the telecom and cloud network firm’s patents, the social media platform said on Tuesday, ahead of its high-profile initial public offering later this week.
“As we face increasing competition and become increasingly high profile, the possibility of receiving more intellectual property claims against us grows,” Reddit warned in its statement.Reddit, which has been involved in patent infringement litigation in the past, is targeting a valuation of up to $6.5 billion for its IPO in one of the most-anticipated share sales in recent years.
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