What are people’s thoughts on how Reddit is coming out of this so far? How bad have things been for Reddit? Do we know how much their traffic has dropped and would a drip in traffic even hurry them that much. Why don’t we see talk of a new blackout at the end of the month?
The API prices are exorbitant on purpose; they never expected third party app developers to pay for them, it’s just an attempt to prevent the same backslash as Twitter had for outright forbidding them. (It backfired, badly.)
The prices would probably go down over time, as they want to milk Google, Amazon, Microsoft, etc. using the API to retrieve data to train their large language models with.
But I digress. Anyway, an investor seeing all this fiasco would smell bullshit from a distance. If Reddit lies to its users and commercial partners, it’d certainly lie to me, that makes risk go up to the roof.