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Joined 1 year ago
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Cake day: June 11th, 2023

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  • The Board and Investors want a big IPO - that is their goal. Charging developers for API access was one tactic to help clean up the books in service of the big IPO.

    But in pursuing the API pricing so aggressively, Spez has put Reddit in a negative light in the press. He’s driven users to other platforms. And he has continued to poke and prod at the userbase to the ultimate harm of Reddit. The value that would have been gained from charging API access pales in comparison to the value that has been lost over the last couple weeks.

    The money people want their money, and Spez has reduced the amount of money they will be receiving.