Reddit Unveils Age Checks, Face ID Verification as Stock Drops 10% Post CTO Sale
Reddit rolls out mandatory age checks in select regions, optional verified profiles and potential Face ID biometrics to confirm humans while labeling approved good bots with [App]. Shares fell 10% when the CTO sold $1.34 million of stock, as Reddit removes 100,000 malicious accounts daily through these new verification measures.
1. New Age and Biometric Checks
Reddit is implementing mandatory age verification in select regions and offering optional verified profiles, exploring Face ID biometric scans to ensure users are human without compromising anonymity.
2. Bot Labeling and Account Removal
Approved third-party apps and “good bots” will be labeled with [App], while automated or malicious accounts face verification prompts; the platform removes roughly 100,000 such accounts daily to curb abuse.
3. CTO Stock Sale and Share Impact
Shares declined 10% following the announcement and a $1.34 million share sale by the CTO, highlighting investor sensitivity to leadership transactions and ongoing platform changes.
4. Privacy Measures for Verification
Verification methods will include passkeys and third-party attestations that confirm humanity without revealing personal details, with Reddit aiming to shield user identities even in regions requiring government-mandated checks.