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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[–] towerful@programming.dev 4 points 1 year ago

It was the setup as well.
Conversations in January saying API and API T&C were not changing anytime soon (clarified to mean multiple years).
The change announced shortly after with 0 concrete details.
Then 6 weeks notice of the details to then implement the changes before costs incurred.

6 weeks notice is fine for consumer stuff, but not business-to-business, and not at the scale of $20m.