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

submitted 3 years ago by serenitynot@beehaw.org to c/news@beehaw.org

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'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.

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[-] radix@lemmy.world 7 points 3 years 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 3 years ago

Nah Steve isn't smart enough for that.

this post was submitted on 11 Jun 2023

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