Your interpretation sounds reasonable until you consider the fact that Reddit led with the “shakedown” (to use your word). Here’s a shortened version of the exc

Your interpretation sounds reasonable until you consider the fact that Reddit led with the “shakedown” (to use your word). Here’s a shortened version of the exchange: Reddit: You will now pay us $20 million per year or we’re shutting you down. You have 30 days notice. Apollo: If Apollo is really costing you $20 million per year, you could pay us $10 million to stop, and you’d come out way ahead! I’m half joking. Reddit: Are you threatening us?! Apollo: No, I was just jokingly making a point. Reddit: “Oh, I misunderstood. I immediately apologize.” Reddit (to mods publicly): This guy is threatening us! ======= Wait, what? Who’s threatening who????