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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
by 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 agoBut if anyone actually read the article, the lower valuation was decided 34 days ago and published last weekend.
- skeaker 3y agoRight, 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 agoSure, I know logically it was already long decided, but I wonder about the timing of there announcement.
- joezydeco 3y agoSeems like TechCrunch decided to time the article, not Fidelity.