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The timing coincides awfully well with the Apollo developer's revolution about API pricing.

• skeaker 3y ago
  My gut assumption just from the title was that the API changes are what triggered this valuation. The change is such a clearly bad move. I can only imagine the reaction will be when such a large percentage of users will wake up and suddenly be totally unable to access the site due to their reddit apps no longer being able to connect.
  • joezydeco 3y ago
    But if anyone actually read the article, the lower valuation was decided 34 days ago and published last weekend.
    • skeaker 3y ago
      Right, since as I mentioned it was a gut reaction that I had previously. Reddit making such a boneheaded move does make slightly more sense when you learn that it was probably spurred on by dire news like this, but it's still a boneheaded move.
    • solarmist 3y ago
      Sure, I know logically it was already long decided, but I wonder about the timing of there announcement.
      • joezydeco 3y ago
        Seems like TechCrunch decided to time the article, not Fidelity.
• sslalready 3y ago
  Link: https://old.reddit.com/r/apolloapp/comments/13ws4w3/had_a_call_with_reddit_to_discuss_pricing_bad/ https://old.reddit.com/r/apolloapp/comments/13ws4w3/had_a_ca...
• thorawaycuz 3y ago
  [dead]