this post was submitted on 05 Jun 2023
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Technology
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I'm not putting it past reddit to suddenly backpedal and/or lower the API charges significantly then say they listen to their users/communities. And then slowly push 3rd party apps away. The damage has been done for me.
These execs that are pushing for IPO are probably so out of touch that your sentiment is well placed.
They might still be well aware of the damage they’re causing with this move. What if they think it’s all worth it because of all the money they will be getting in the future? What if they think it’s a risk worth taking? Besides, business comes first.
I've said before, but I think they made a calculated decision to intentionally throw away all of their 3rd party app users. Essentially, some of those users will go to the first party app, but either way, none of us are giving reddit any ad revenue anyway, and that's how Reddit makes money.
Their calculation was wrong for several reasons:
This is probably great for (very) short-term income, which is what Reddit wants before they go public. But obviously, it's bad in every way beyond that.
Totally agree. Reddit is absolutely committing a suicide with this move, even though there could be some financial reasoning behind it.
Fortunately though, the fediverse seems to be ready for the coming exodus, so I don’t really mind. Besides, I’ve been thinking of cutting down or even quitting Reddit entirely. These events will only hasten the inevitable.
I am skeptical. The pricing on the API wasn’t merely unrealistically optimistic, it was “eleventy morbillion dollars” high. People only negotiate on numbers when they actually want to be paid. Reddit doesn’t want to be paid, it wants the apps to die.
And then they still won't allow NSFW content but somehow people will forget about that part...
I don't expect them to. The amount users (mods excluded) using third-party apps is quite small I think, so they'll just take the loss (if any).