It's probably even more expensive to piss off any investors right before an IPO.

I just commented on another similar article! His reasoning for this move contradicts itself! How can he claim that the overwhelming majority of users (97%) use the official Reddit app, but the use of 3rd party apps is destroying their bottom line? That means that that the lost profit from 3% of users are the reason for the API price change?

And… if there are only 4-5 big 3rd party apps (like Apollo, RIF), why force them out of the market? If only 3% of users use them, are they really that big of a deal? Why are the prices so astronomically high?

This is Reddit consolidating their empire. I hope that folks are prepared for future roll-outs of new subscriptions and reasons that Reddit users need to pay.

😂 fuck u/spez

I like the Fediverse and I think I’ll stay.

This is why the fediverse is so great. It really is really expensive to run a social media company. By spreading the cost over many actors and encouraging competition, this allows us to host content without being beholden to billionares.

"It's expensive to run a company into the ground" - u/spez

I'm actually somewhat happy all this happened now. I'm sad for the 3rd party app devs and everyone who suffers from these decisions. And for the wonderful communities and knowledge bases that were shattered.

But I think it caused me, and many others, to realize that great community and discussions could still be had on the internet, and that we hadn't been having those for quite a while over on reddit.

Yes, it is expensive to hire engineers to build an NFT Marketplace, Steve.

"But I think the greater Reddit community just want to participate with their fellow community members."

One way to find out right.

I enjoy how he's still talking about this as if it's purely about having 3rd party apps pay a fee, not about his incredibly piss-poor handling of it.

1. Fine, let the people who apparently have no concept of foresight turn Reddit into a cesspool.

2. This is clearly about cashing in on machine learning at the expense of your users. Maybe you should self reflect a bit before your entire website is produced and consumed entirely by machine learning.

"We're 18 years old," Huffman said. "I think it's time we grow up and behave like an adult company."

Who the hell is this even directed to?

The more he speaks, the easier it is for me to break my Reddit addiction.

I really hope July 1st destroys reddit as we know it.

Yes, it is. So charge a reasonable API price so that this whole argument is over. But that won't be done. This is just about squeezing money out of Reddit ASAP before Spez resigns ASAP with a nice big bonus for pushing through those beautiful API changes oh so smoothly.

The more Spez speaks, the less sad I am about Reddit dying. Platforms come and go. I don't want to stay on a sinking ship with a hole shot out by the captain because he has ship insurance, actively throwing people off board as him and his crew climb up the still buoyant part whilst insisting THIS WILL BLOW OVER.

However, I will now thoroughly enjoy watching Spez naively, single-handedly dismantle Reddit's legacy for his own gain whilst thinking he's totally right. Or possibly being forced by the shareholders to make a poor business decision. I've never in all my years of Internet browsing seen someone running an Internet-based company so blatantly indifferent to the customers they serve. There's no Reddit revenue without Redditors.

I wish him luck on his inevitably piss-poor IPO when Reddit offers little content of value and more people get more angry at him as more ridiculous reasoning flies out of his mouth. Reddit's gonna look like MSN News by the end of this mess.

he moderated WHAT? So not only is he an idiot, he's a pedo? What a great image.

Sentence 1: Really, only 3 percent of users are pissed about this; It's insignificant.

Sentence 2: These disruptions from 3rd party app supporters really hurt our bottom line. This is expensive!

I fucking hate spez. Will never use reddit again

All the numbers don't add up. He says only 3 % of users use apps but then also there is a significant cost to not serve that 3 % ads? They also only make pennies per user. They must count any hit from Google as a user or something wild to boost their numbers.

Gonna be even more expensive to run a company that no one uses!

“It’s time we grow up,” says former moderator of jailbait subreddit.

See this is another thing, how is Reddit management not in prison and on the sex offenders list? They willfully and knowingly distributed child pornography for YEARS. And it's not like they're rich enough or have enough high up connections to get out of it. What the fuck?

It is, but pissing off the content creators (core of the business) is NOT the way to go.

At this point this seems intentional. This has definitely pushed me away from Reddit and I’m already seeing a lot more meaningful conversations on Lemmy. All I ever saw on Reddit anyways is people just trying to one up each other on the comment threads for upvotes. Took a lot of scrolling to even get to people actually talking about the topic.