This article was published yesterday but I did not see it posted here. Please merge if there’s already a post about this.
“Reddit’s winding path to a potential initial public offering hit its latest bump after the site’s plans to make more money from access to its data drew condemnation from volunteer moderators.”
Does every damn social media site have to go public now? Greed is killing the internet. These guys are so greedy they’ll take anything.
This is a paywalled article, anyone got a summary?
Well, good. As a big giant corporation, money and share value are the only things that Reddit really cares about in the end.
What a load of garbage takes that was. It didn’t present any side other than the provably false one that Reddit is projecting. I can hardly believe that passes for reporting even in this day and age. 💩
This line: “The move may be an effort by the firm to improve its financials ahead of a potential initial public offering.”
Isn’t that confirmed bullshit? I thought every developer had already said that the API costs were so high that they were going to shut down. Are there developers who were willing to pay?
You don’t improve your financials by putting a price on things. You only improve them if you actually collect money.