this post was submitted on 18 Jun 2023
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People are starting to place bets on Reddit's civil war — Business Insider (www.businessinsider.com)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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Hundreds of people are putting money on whether the company will back-track on its new API pricing policy or oust its CEO Steve Huffman, BetUS told Insider.

The online betting company said there was "very close heat" over whether Reddit will reverse its new pricing policy.

"So far, the betting public seems very much "at odds" and are undecided on this one so far," it said.

Almost all bets have been on Huffman still being CEO by December 31, BetUS added.

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

They wouldn't shut down if the API changes were reversed. It's still a revenue stream for them. But I could easily see them not developing the apps anymore without stronger assurances of long term support.