So this was 10 years ago, lol. How the tables have turned

Link: https://www.reddit.com/r/todayilearned/comments/1onx27/comment/cctw6ea

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11 points

I don’t think they ever expected to get IPO status. That’s the only reason why they’re moving forward with this new API policy.

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6 points

My understanding is that the recent interest rate hikes are causing the VC purse strings to tighten. Pretty sure Reddit is being told to start turning a profit or be cut off from their funding.

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