this post was submitted on 12 Jun 2023
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Technology

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[–] doctortofu@reddthat.com 80 points 1 year ago (43 children)

I just posted it elsewhere, but that's only the beginning. They also announced their intent to turn reddit into an even more ad-infested hellhole than it already is: https://www.redditinc.com/blog/investing-in-what-makes-reddit-unique-introducing-contextual-keyword-targeting-and-product-ads

This is the future of reddit everyone - abandon all hope ye who clicketh here: https://www.redditinc.com/assets/images/site/image2.gif

[–] artistan@lemmy.world 28 points 1 year ago (9 children)

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

Translation - we don't have control of the 3PA and they are getting in the way of moooore profit, so we want them gone.

[–] mindfulzombie@indieweb.social 3 points 1 year ago (1 children)

@artistan It’s funny in a way that 3PA manage to monetize their business better than they are themselves.

[–] artistan@lemmy.world 4 points 1 year ago

Instead of working with the 3PA devs to come up with something that is a win-win for both parties, they’ve chosen self-destruct.

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