Reddit CEO is more unhinged than I suspected: Huffman said he saw Musk’s handling of Twitter, which he purchased last year, as an example for Reddit to follow.
Internet@kbin.social – 28 points – You are viewing a single comment
Internet@kbin.social – 28 points –
I believe they want us out of reddit.
And by us I mean those who use 3rd party apps, therefore don't watch ads. Us who have ublock origin on our web browser etc.
The ads are the main part, plain and simple. Any other factor is smoke and mirrors. The want to IPO, just have to follow the money.
I don't get the 'ad' justification. Because, if they wanted to make up for the lost ad revenue, they just needed to charge around 100th of what they decided. Huffman stated they're aware of AI people training with reddit data, and I think it's clear that they're pricing the API to capitalize on AI training, everyone else be damned.