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Reddit CEO: We're Sticking With API Changes, Despite Subreddits Going Dark (uk.pcmag.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (3 children)

Unlike some of the 3P [third-party] apps, we are not profitable

It's their own fault. They didn't have to take hundred of millions of venture capital and hire thousands of people. They didn't have to go try to become a XX billion dollars company fighting with Facebook and Tiktok.

They could be profitable with a hundred engineers, a hundred support staff and reasonable ads. They could make delivering ads part of their API and have 3rd party apps serve them for them. They could let those 3rd party app handle the mobile markets since those solo devs are creating better apps than the hundreds of engineers at Reddit.

I'm really annoyed that they are changing a winning formula to build something that nobody wants

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

There's this toxic idea in the business world, that in order to be successful you can't just make money and be profitable, but your profits have to keep increasing year after year. This kind of runaway, cancerous growth is poison to the country and the world.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

This is the big issue with growth investment or whatever the hell its called. Instead of being happy with a steady revenue, big companies have to always grow until they become completely unsustainable.

[–] [email protected] 1 points 1 year ago (1 children)

and im willing to pay for API access. If Reddit started charging me a buck or two i would be ok with that. I recognize that servers are not free, and their profit has to come from somewhere.

But charging app devs $20,000,000 a year is NOT the solution.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I would have accepted it.. Not anymore. They burned this bridge.