4 ms·

After a 15 year status quo and 3 months since Reddit stated there would be no major changes to the API in 2023, the costs for Apollo suddenly went from $0 to te

After a 15 year status quo and 3 months since Reddit stated there would be no major changes to the API in 2023, the costs for Apollo suddenly went from $0 to tens of millions of dollars a year with 1 month notice. Reddit could have done this years earlier, or not lied about their plans, or given a reasonable notice period, not set ridiculous prices, anything. I don't see how any of this is the fault of third party devs.

ukuuru 3y ago
You assume they have plans in the first place.
- apomekhanes 3y ago
  I've definitely gotten the sense that this is a potential significant factor in this "clown car crash". Kind of feels like Reddit has been able to raise insane amounts of money for years, but, with the sudden appearance of (and gold rush-style interest in) ChatGPT combined with Fed moves on interest rates, the taps have 'suddenly' been closed. And, apparently, there was no ... real plan (even though they hired a CFO back in 2021 and have been signaling plans to IPO since around that time). Of course, this underscores the stupidity of the whole thing. Given that THE 'google-hack du jour' is adding reddit to search terms (with articles in MSM showing up since at least Jan 2022) AND the value of Reddit's 'corpus' (as Huffman himself put it back in April) to companies like GOOGLE (trying to not only build ChatGPT-style ML, but relevant up-to-date search capabilities based around ChatGPT-style 'agents'), you'd think they'd be able to convert these stories into reasonable financial health and successful IPO w/o wading into brand-destroying PR debacles... ... but, apparently not.
emodendroket 3y ago
Having a business that exists entirely at the pleasure of one larger business that doesn’t consider you particularly important is a position I would seek to avoid.

4 ms·

After a 15 year status quo and 3 months since Reddit stated there would be no major changes to the API in 2023, the costs for Apollo suddenly went from $0 to te

by AlotOfReading 3y ago

ukuuru 3y ago
You assume they have plans in the first place.
- apomekhanes 3y ago
  I've definitely gotten the sense that this is a potential significant factor in this "clown car crash". Kind of feels like Reddit has been able to raise insane amounts of money for years, but, with the sudden appearance of (and gold rush-style interest in) ChatGPT combined with Fed moves on interest rates, the taps have 'suddenly' been closed. And, apparently, there was no ... real plan (even though they hired a CFO back in 2021 and have been signaling plans to IPO since around that time). Of course, this underscores the stupidity of the whole thing. Given that THE 'google-hack du jour' is adding reddit to search terms (with articles in MSM showing up since at least Jan 2022) AND the value of Reddit's 'corpus' (as Huffman himself put it back in April) to companies like GOOGLE (trying to not only build ChatGPT-style ML, but relevant up-to-date search capabilities based around ChatGPT-style 'agents'), you'd think they'd be able to convert these stories into reasonable financial health and successful IPO w/o wading into brand-destroying PR debacles... ... but, apparently not.
emodendroket 3y ago
Having a business that exists entirely at the pleasure of one larger business that doesn’t consider you particularly important is a position I would seek to avoid.