this post was submitted on 09 Jun 2023
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Nah, read the AMA. He and Reddit (the company) in general are doubling down. I was hoping it was just anchoring (where the initial price for something is so ridiculously high, any other offer even if it's more than you should pay seems reasonable). But from his comments, and the Devs' responses, it's clear it's basically just a way to kill the API totally for users, I guess the only possible remaining use for the API is AI training. Tech companies would probably pay that much because it genuinely is worth it to them.
Yeah, I saw the comment he made about the Apollo developer. He's lying plainly, without even trying to refute any claims made against him and his team. He really believes the company can stand to float on a more mainstream userbase. I doubt it honestly. More likely it will start a slow trend downwards as the mods are mostly leaving, so the site will have to deal with massive site wide content moderation and community management issues. He doesn't care. Maybe he's already checked out and he plans to step aside once this transitory phase is over.
The idea that reddit can survive purely on a mainstream userbase is ludicrous anyway, the entire point of the website has always been its many niche communities. Its ecosystem of interconnecting and interacting user groups. Thats never going to be a big sell to pure social media oriented users, who already have Instagram and TikTok to fulfill their algorithm needs. So financially I have no idea how they plan to survive in the long term.
Idk how they can fundamentally misunderstand this (and have been for years). They haven't cared about mods for years, their official app is complete trash. Reddit was always supposed to be an alternative to twitter/Facebook/Instagram/tiktok, not a competitor. Like take the video player for example. Hardly even works most of the time, and is a clear tiktok clone. Why are they doing that? Tiktok and Reddit could not be more different apps. They can pay mods, Reddit can't or won't. I expect soon if they survive this they'll move towards in house moderation.