Breakingviews - Reddit’s golden geese foul up its IPO plans
www.reuters.com
Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.
  • lenninscjay@lemmy.worldEnglish
    3·
    1 year ago

    “The ongoing strike, spurred by Huffman’s plan to charge fees to third-party apps that serve up Reddit content,”

    Then it goes on to talk about commercial AIs scraping reddit data through their api for deep learning for free.

    But the reality is people weren’t upset about the api charge, they were upset at the exorbitant price they released. There are so many other ways to be fair and to stop commercial use if that was really an issue. Plus, I wouldn’t be surprised if reddit is being scraped without the api from the front facing website anyway.

    Then, reddit double downed and spez just made a complete ass of himself. I could have done a better job as CEO, that guy is unqualified and delusional. If he stays at the helm reddit will surely sink

    • NotMyOldRedditName@kbin.social
      3·
      1 year ago

      All they had to do was make a special agreement for 3rd party apps that require vetting to get cheaper API access. Then you can keep the higher price for other non mobile app uses. It’s still baffling that RIF had a profit sharing agreement with Reddit that /u/spez exited from and then goes onto act like they’re all freeloaders.