454

Reddit CEO: We're Sticking With API Changes, Despite Subreddits Going Dark (www.pcmag.com)

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

211 comments fedilink hide all child comments

'Unlike some of the 3P [third-party] apps, we are not profitable,' Steve Huffman says in defending the move to charge for high-volume API access.

you are viewing a single comment's thread
view the rest of the comments

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

It's pretty common for big companies to not show a net profit. Remember Amazon wasn't profitable until relatively recently, because they would reinvest all their cash into growing the business. They could have shown a profit any time they wanted; just stop investing in infrastructure, etc. It's often a choice to run at break-even or even a loss while capital expenditures are high. I have no idea if that's what's happening behind the curtain over there, but it's one possibility.

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

Nah Steve isn't smart enough for that.

this post was submitted on 11 Jun 2023

454 points (100.0% liked)

World News

22050 readers

49 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS