Reddit risks losing its identity in pursuit of profits

Technology@lemmy.world – 1083 points – 1 years ago

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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$10/mo is probably in the ballpark.

I honestly don't think the pricing was unreasonable. The main issue was the execution.

Only reasonable for an individual, bulk tools need more juce than a reg user, reddit holds a lot of cards for what to do to adress the power users

A lot of the mod tools were exempted. I imagine the ones that weren't didn't even try in protest.

A lot of power reddot has over mod tools that want to stay now. No wonder devs left

I agree. reddit acted very poorly; however, you could get your tool exempt by licking their boots.