Reddit sues Perplexity and others for illegal data scraping
Reddit has filed lawsuits against Perplexity AI and three other companies, accusing them of unauthorized data scraping from the Reddit website. According to the lawsuit filed in Manhattan federal court on Wednesday, data scraping companies Oxylabs UAB, AWMProxy, and SerpApi collected Reddit data through Google search results for the purpose of reselling the data. The lawsuit alleges that Perplexity purchased this data from at least one of these companies. With the rise of AI models that rely on large amounts of data for training and providing relevant results, Reddit's growing data repository has become a valuable commodity. Reddit has entered into agreements with OpenAI and Alphabet to use Reddit data for training, but has also taken legal action against some companies that have not signed formal agreements with them. Earlier this year, Reddit also filed a similar data scraping lawsuit against Anthropic in a San Francisco court.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: CoinShares Drops Altcoin ETFs While Mainstream Finance Leads in Inflows
- CoinShares withdrew Solana , XRP , and Litecoin ETF applications due to market saturation by traditional finance giants like BlackRock and Fidelity. - The firm cited structural challenges and weak demand, with Litecoin ETFs recording zero inflows while Solana staking ETFs attracted $570M in net inflows. - CoinShares is pivoting to active strategies and thematic crypto baskets, reflecting broader market skepticism toward altcoin ETFs amid regulatory uncertainty and volatile crypto prices. - Competitors li

Polymarket’s Adherence to CFTC Regulations Connects Cryptocurrency with Conventional Financial Systems
- Polymarket secures CFTC approval to resume U.S. operations under a regulated framework after a 2022 $1.4M fine for unregistered derivatives trading. - The platform now complies with federal requirements including real-time surveillance and trade reporting, partnering with ICE after a $2B investment. - Its re-entry enables U.S. brokerages to integrate prediction markets, boosting liquidity and attracting traders previously excluded by regulatory barriers. - The $10B valuation surge and strategic QCX acqui

Mutuum Presale Investors Rush to Secure Tokens Before Price Surges to $0.04
- Mutuum Finance's Phase 6 presale nears 95% allocation at $0.035, raising over $19M with 250% price growth since Phase 1. - The DeFi protocol offers non-custodial P2C/P2P lending, mtToken yield mechanisms, and plans for stablecoins/cross-chain expansion. - Dual audits by Halborn and CertiK, plus Q4 2025 testnet launch plans, bolster credibility as 18,200+ holders compete for tokens. - With 800M+ tokens sold and Phase 7 approaching $0.04, the project aims to redefine lending through user-controlled, incent

Bitcoin News Today: Bitcoin Holds Strong at $84K Amid Institutional Optimism and Broader Economic Challenges
- Bitcoin drops 31% to $82,000 as 2025 market cycle mirrors 2021's bull run, testing critical $84,000–$86,000 support levels amid rising U.S. yields and Fed hawkishness. - Institutional inflows into FBTC/IBIT and whale accumulation counter macro headwinds, with JPMorgan upgrading miners and projecting 2026 rebound potential. - Current market differs from 2021 with institutional focus on utility-driven use cases (cross-border payments, DeFi) and regulatory progress like Ripple's RLUSD approval in UAE. - Fed
