As some subreddits continue blackouts to protest Reddit’s plans to charge high prices for its API, Reddit has informed the moderators of those subreddits that it has plans to replace resistant moderation teams to keep spaces “open and accessible to users.”
Edit, there seems to be conflicting reporting on this issue:
While the company does “respect the community’s right to protest” and pledges that it won’t force communities to reopen, Reddit also suggests there’s no need for that.
Source: https://www.theverge.com/2023/6/15/23762501/reddit-ceo-steve-huffman-interview-protests-blackout
It cannot be understated how much Spez fudged up in that AMA.
Effectively saying that the 3rd party apps are profitable while the “real” product is not is literally mind boggling.
If it is really 3% that uses 3rd party apps that means than that 3% can generate enough revenue for 3rd party developers to be profitable than the 97% of the “official users” who are for some reason not profitable for Reddit.
It would be insanity actually and just hilarious.
Spez is lying out of his ass in that AMA. “Reddit isn’t profitable”. Bitch! You’re telling your VCs are fine propping you up for almost 20 years without returns? I smell bullshit.