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That makes no logical sense at all. Why go for $10m if there is no need to because you have already adjusted your own pricing upwards. Also, what things are pr

• soraminazuki 3y ago
  Reddit specifically said that killing third apps wasn’t their intention, and wanted apps to pay a reasonable amount to cover the costs. > Also, what things are priced at is not what they cost … So if that’s the best argument in favor of Reddit, then it’s Reddit that’s being illogical. Or to be more straight, lying. > Why go for $10m if there is no need to because you have already adjusted your own pricing upwards. Because $20M is neither the amount Christian was earning, nor the cost that Reddit was paying to provide API access. Steve explicitly said it was a lost opportunity. There was simply no way that Christian could’ve paid that insane price. However, Reddit could’ve earned $20M themselves per year by acquiring Apollo. If the $20M opportunity was even remotely true, that is.