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Do you have a source for them losing money? I don't trust them; advertising aside, I think they've been covering most expenses just from users paying for Reddit
by pcthrowaway 3y ago
Do you have a source for them losing money? I don't trust them; advertising aside, I think they've been covering most expenses just from users paying for Reddit awards.
Sure, maybe it makes sense from a business perspective to make their API paid-access only.
Maybe it even makes sense to make the prices so outrageously high it results in the subreddit mods striking. Perhaps this gives them the ability to remove the moderation teams and sell the spots to the highest corporate bidders.
That doesn't mean that we as users have to like it, or them, after these changes.
I'm just hoping something better comes along out of all this.
- ScoutOrgo 3y agoIn spez's AMA, he mentioned reddit was not profitable. I don't see an advantage for the CEO to say that publicly and it not be true.
- pcthrowaway 3y agoThere are many ways of determining profitability (see https://en.wikipedia.org/wiki/Hollywood_accounting https://en.wikipedia.org/wiki/Hollywood_accounting) The CEO absolutely has an incentive to make it seem like this is the case, so they can use it to justify more user-hostile changes in the name of profits
- lotsoweiners 3y agoI certainly don’t see an advantage in believing anything that any CEO says publicly.