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Reddit’s golden geese foul up its IPO plans (www.reuters.com)
submitted 2 years ago by Kindred87@kbin.social to c/RedditMigration@kbin.social
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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.

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[-] towerful@beehaw.org 4 points 2 years ago

In my view, or at least why I left Reddit (and support the strike), it's not about the API charging.
It started as the price. Then it was also about
Lies about the 3rd party apps.
Lies about 3rd party app developers.
The whole process from January (no API changes planned) to announcing there will be a cost, to 6 weeks later giving a 1 month deadline and stating the ridiculous prices.
Back up by years and years of failed promises from Reddit, as well as whatever bullshittery they seem to concentrate on instead (chat, streaming, NFTs)

this post was submitted on 18 Jun 2023
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