Reddit’s unpopular decision to revise its API pricing in a move that’s forcing third-party apps out of business has taken a weird turn. In an AMA hosted today by Reddit co-founder and CEO Steve Huffman, aka u/spez on the internet forum site, the exec doubled down on accusations against the developer behind the well-liked third-party […]
Reddit won’t come out on top. They’ll survive, but it’s going to hurt them. They seem to have pissed off most communities on the site. It’s the largest protest they’ve ever had.
Reddit doesn’t run a profit yet, so all they need to achieve is enough to get into the black. Like Twitter, Reddit I don’t think will crash and burn but the quality will drop dramatically. Reddit doesn’t care about quality long as there’s enough users on the site to make the paid ads have value. In the short term I think they’ll succeed in that but it’s going to turn into a cesspool.
But if those up for actual conversation and vaguely respectful debate come over here & leave the trolls and the karma farmers with Spez then that’s a great result!
Should be noted, Twitter is actively crashing and burning and may file for bankruptcy this year.