Reddit’s Hoped-For IPO and Pipe Dream of Cashing in on OpenAI’s Hype (daringfireball.net)

submitted 1 year ago by serenitynot@beehaw.org to c/news@beehaw.org

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It seems pretty clear that all of Huffman’s recent decisions are driven by Reddit’s hoped-for IPO. On one front is the ugly fact that Reddit’s valuation is sinking.

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[-] BeardedGingerWonder@lemmy.world 12 points 1 year ago* (last edited 1 year ago)

Can't understand why they don't just pass through the ads, I don't want them, but I could live with them. It's this alone that makes me think they just want to kill third party apps and nothing else.

[-] Derproid@beehaw.org 4 points 1 year ago

Eh unless they made the ads indistinguishable from regular posts then 3rd party apps would just filter them out. I guess Reddit could get around that by disallowing it as part of their API TOS but then they would need to make sure the popular 3rd party apps don't do it and also possibly sue them when they do.

[-] BeardedGingerWonder@lemmy.world 7 points 1 year ago

It's going to be fairly obvious fairly quickly if the big apps are nixing ads, no need to sue, just block access to the API for violation.

[-] Derproid@beehaw.org 2 points 1 year ago* (last edited 1 year ago)

Ah that's true, then really what is the problem? Do they want more analytics that they get from official clients? Or is Steve Huffman actually just an idiot?

Edit: Actually it seems like they do just want the tracking data from the app since they are now blocking people from using the website on mobile https://lemmy.world/post/57306

this post was submitted on 11 Jun 2023

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