- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
cross-posted from: https://beehaw.org/post/411763
…to keep running as is.
creator of Apollo, a popular Reddit client for iOS, relays his talks with Reddit about upcoming ridiculous API pricing.
Same, old reddit was fine on desktop, though still suck on mobile so I rely on Boost on my Android. There are some great communities on Reddit (patientgamers, bodyweightfitness, to name a few) that would be sad to lose.
I think fundamentally Reddit doesn’t give a shit.
For them it’s likely about value of accounts, how much data they can sell, and they will hope that non-tech communities will carry people’s “addiction”. A bit like an abusive ex “you can’t leave me because you’ll lose XYZ” so now they’ve resorted to reining in anything that dare reduces or inhibits maximum revenue stream.
I think they are trying to go public and getting all users on their official apps makes their evaluation higher I guess
That is exactly the reason. The idea is to let someone else hold the bag, and “oh well” if they figure out they paid more for it than it was actually worth.
I have to wonder how much Reddit will actually be worth when it’s just the site of cat pictures and crappy memes. The quality of Reddit dropped significantly when they changed all the default subreddits, this is going back to the days when “old reddit” was “normal reddit” (around that era).
Fidelity has cut their valuation of Reddit (not related to the API issue). The IPO is probably not going to go nearly as well as they’d hope. The market is still wary of social media investmenting.
https://techcrunch.com/2023/06/01/fidelity-reddit-valuation/
The mobile app and web UI native to Reddit is terrible and I hope they lose more money by doing this than they gain by their advertising scheme.