“They’re shooting themselves in the foot,” Mir says. “The content of the users is what makes the platform worth visiting. These hosts kind of run into this confusion that their hosting is the reason people are going there, but it’s really for the other users on the medium.”
They could have even gotten third party apps to pay for API access. They just needed to set a fair rate and a workable timeline for the change.
Instead, they said “we’re charging $20 million starting next month. Good luck trying to stay afloat with those sudden costs!”
Reddit could have increased their profits and kept users/moderators happy, but they chose Burn It All Down instead.
BIAD.
I like it.