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Reuters — Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (1 children)

https://www.theverge.com/2023/6/16/23763661/reddit-rif-is-fun-developer-ceo-steve-huffman

Shu also tells me that RIF was paying a “sizable revenue share” to Reddit beginning in 2012, which was during Yishan Wong’s tenure as CEO. Shu says he says initiated the talks with Reddit to create the agreement, which allowed for the licensed use of Reddit’s trademarks. (At the time, the app was called “reddit is fun.”) Shu says Reddit terminated the agreement in 2016 — which was the year after Huffman took over as CEO.

Looks like revenue share even, not profit share? But that could be wrong terms used?

[–] [email protected] 1 points 1 year ago (1 children)

I think revenue would make sense, no? Love your username btw.

[–] [email protected] 5 points 1 year ago

Well revenue means that RIF would have to pay reddit some amount, even if that amount left them unprofitable. Profit sharing would mean RIF would at least need to be profitable first. So for reddit revenue share is better, for RIF a profit sharing one would be better.

And thanks:)