this post was submitted on 14 Jun 2023
2 points (100.0% liked)
Reddit Migration
145 readers
1 users here now
### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And this isn't even strictly true. Reddit could have given 3P apps the option to pay a reasonable price for the API, or they had to serve Reddit's ads to avoid paying the fee, it would be a fair compromise.
It sounds to me like Reddit can't profit from ads, even if the 3P apps served them. If that's true, Reddit is doomed, and investors will see that as they approach the IPO.