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Isn’t that an indication they should buy the 3rd party apps? Also pretty damning they can’t make a profit where others can off their data lol
by lettergram 3y ago
Isn’t that an indication they should buy the 3rd party apps?
Also pretty damning they can’t make a profit where others can off their data lol
- usaar333 3y agoNot necessarily. 1. It's entirely possible they could make more money monetizing the highly engaged users that use mobile apps through ads than those apps make directly. 2. Their cost structure is higher than the apps since they need to own and manage the backend and promote the overall Reddit branding.
- whaleofatw2022 3y agoWell, one of the 3rd party developers suggested that course of action... alas spez and/or other folks at reddit decided to frame that as being 'threatened' by them. Which, honestly is great insight into the fragile mind of a man manchild lucky enough that their startup happens to be very visible to.the public eye.
- mvdtnz 3y ago> Also pretty damning they can’t make a profit where others can off their data lol I agree that Reddit's failure to convert their enormous reach into profit is a failure, I don't agree that this particular thing is damning. I'll bet if you pooled the revenue of every third party app it still wouldn't begin to cover Reddit's overall costs.
- jcz_nz 3y agoThe CEO’s lack of integrity is a signal.
- tshaddox 3y agoThat doesn’t really follow. A third party app could be profitable because it pays little or nothing for the Reddit API and makes money from app sales or in-app purchases. If Reddit bought the app it hardly helps them.