this post was submitted on 29 Jun 2023
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Who is investing in Reddit at this point? I guess they can just dump their shares against etf buying.
Reddit is not public, so it’s just private investors at this point that funded series tranches. They, of course, are pushing to have Reddit get profitable and then IPO.
I guess we will see what happens, but Spez may have totally messed-up their plans with the inept API pricing and the response to the concerns about it.
It could have been totally averted if they just introduced a reasonable user fee and license that could be used in any third party app.
That’s what gets me. It would have been so easy to have a sliding scale based on the gross size of the company using the data.
But nope, spez wanted all the golden eggs right now.