So, by the current state of things, I'll have to visit the privacy settings in every single social network I'm using on a monthly basis just to make sure that they haven't pushed something I didn't agree on by subscribing to their service? Great!
Reddit has a large community of technology savvy users what looks better "We started doing X that some of you may not like" vs "We updated our privacy policy"..few days later "They started doing X, burn them!".
I wish more companies would be smart.
It's not even in their announcements.
This message is only in /r/changelog, and going backwards they first introduced this 4 months ago, had to roll back and have been rolling it out again with other options.
This is not a nice way of introducing what is, to me, a fairly large privacy change.
Of course, I imagine the big win here would be people not logged in, so even registering to opt out would be a win for reddit.
It's not like you can pay facebook to respect your privacy.
Arguably, this is a massive loss of revenue to Facebook as click rate goes down year over year. It's a tradeoff for them, too. I would certainly pay $10/month to not see all the shit they thrown in my timeline, to opt out of all the bullshit features I don't want (ads, "memories" which seem to pop up daily with no way to opt out, friend celebrations, annoying suggestions, sports scores, non-chronological timelines, etc etc). Instead, I'm forced to limit my likes to non-commercial entities and I use heavy user stylesheet customizations to remove all the other crap. Facebook just loses $10/month this way while being unable to make money (at least via serving ads; I'm sure my information is fair game to sell to ad networks).
Of course, if this were popular, the ads would accelerate in decreasing value. Which is probably why Facebook or other ad networks don't want to start this trend.
Also, privacy here is privacy from reddit and the government, not privacy from an unprivileged person. I think the distinction is valuable here.
That's all well and good, until someone posts a photo of you, tags you in a message, or embeds its tracking widgets on another page you visit, and you become its product despite not being its user.
Half the software you use is probably hemorrhaging info to Google Analytics, buried in a checkbox in the settings.
It's a shame the wording on the banner doesn't make it's purpose clear.