Outside investors – people who gave money in exchange for ownership of the company and its IP. They’re received about 1.3 billion dollars in five or six rounds of funding from external investors. Reddit’s motivation to IPO is to pay off those investors and restructure ownership of the company.
undefined> But this thing with the Reddit API is, uh, directly related to capitalism?
No, it’s directly related to management making a terrible and short-sighted decision. Capitalism is a concept, it’s not a person taking action based on a decision. Maybe that decision is, in turn, based on capitalistic ideas, but then the policy isn’t directly related to capitalism and is instead an indirect consequence.
Here, its born of bad problem solving, terrible communication, and inept strategy. Not an intrinsic problem with capitalism.