Reddit Migration

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Reddit’s golden geese foul up its IPO plans (www.reuters.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.

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[–] [email protected] 15 points 1 year ago

The funny thing is, Reddit might have had a chance to become profitable. If spez implemented a reasonable pricing scheme for the API (even charging two or three times what they'd expect to make from a user using the first party app--magnitudes lower than the proposed pricing), and if they made a few other adjustments, it might be profitable. They already had the advantage of not having to pay for moderation, which was huge.

I think the pig is getting away though--he might not even get that first round of bacon.