this post was submitted on 07 Jul 2023
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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[โ€“] Dark_Arc@lemmy.world 166 points 1 year ago (34 children)

The funny thing is... for me it wasn't even the API changes, it was how Steve reacted to the community feedback. If you need to make your app profitable that's fine by me, but don't ignore your customers so bluntly. They could've easily worked politely with devs to find an agreeable API price, find alternative funding streams for those devs, etc. They did none of that, instead Steve acted like a jerk.

[โ€“] Fluffyb@lemmy.nz 12 points 1 year ago

I remember when reddit gold was there to pay server costs. There was a little bar on the side to show how much % was covered per day. I had it for quite awhile. But then I hit financial trouble and had to cancel. By the time I could afford to give back they got greedy and I couldn't in good faith keep giving them money.

Reddit could have been a non-profit like Wikipedia. But they wanted all the money.

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