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Yeah that part is really wild - there were making money already off a 3rd party app, then decided to NOT take their money in 2016, then not enforce any trademar
by buildbot 3y ago
Yeah that part is really wild - there were making money already off a 3rd party app, then decided to NOT take their money in 2016, then not enforce any trademarks (assuming that was what the deal was for) for what, 7 years?! How is that not gross incompetence? Minority shareholder lawsuit territory?
It's really clear that spez wants terminate any 3rd party clients whatsoever, I assume at this point any talk of app devs actually working with them is also a lie, as is the moderator tools and accessibility tools getting free API access.
Finally, the initial email the RIF received is so egregious - IMMEDIATE COMPLIANCE REQUIRED, when they hadn't even changed their actual terms yet.
Who would invest in a Reddit IPO now?! If they had done _nothing_ up to this point, I probably would have bought some, not that I am anyone of note, but I assume any serious fund would steer clear too at this point.
- pityJuke 3y ago> then not enforce any trademarks (assuming that was what the deal was for) I don't think that's true - "Reddit is Fun" rebranded to "rif is fun for reddit".
- buildbot 3y agoDoesn't that still use the trademark reddit?
- pityJuke 3y agoThe standard is that 3rd party apps must be in the format: "X for reddit". So, Reddit Sync became Sync for reddit, and Reddit News became Relay for reddit.
- buildbot 3y agoAh I see, that makes sense I guess
- duskwuff 3y agoIt's generally accepted that using trademarks in this sort of descriptive fashion is non-infringing, so long as it's necessary to describe the purpose of the product and doesn't imply that the product is produced or endorsed by the trademark holder.
- mcculley 3y ago> Who would invest in a Reddit IPO now?! The same kinds of investors who did no diligence on FTX. I am certain there is dumb money out there.
- alwayslikethis 3y agoThe good thing is the era of cheap money has already ended, and market forces eliminate these investors over time as they lose money.
- FormerBandmate 3y agoThe Sequoia FTX puff piece will never get old. It’s deleted now but thank God for the Wayback Machine: https://web.archive.org/web/20221109025610/https://www.sequoiacap.com/article/sam-bankman-fried-spotlight/ https://web.archive.org/web/20221109025610/https://www.sequo...
- michaelcampbell 3y agoAny kind that thinks they can 2, 3, 5, 10x their investment. The vehicle in which to do that is of zero consequence.
- protastus 3y ago> Who would invest in a Reddit IPO now?! Moreover, what will be the short interest should this company go public? I become more confident with every week that the CEO is holding back the company. And so is the board by allowing executive decisions and objectively false statements based on ego.