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Reddit’s Moderator Revolt Casts Shadow on Potential IPO (www.barrons.com)

submitted 1 year ago by Very_Bad_Janet@kbin.social to c/RedditMigration@kbin.social

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This article was published yesterday but I did not see it posted here. Please merge if there's already a post about this.

"Reddit’s winding path to a potential initial public offering hit its latest bump after the site’s plans to make more money from access to its data drew condemnation from volunteer moderators."

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[–] DarthYoshiBoy@kbin.social 0 points 1 year ago (1 children)

What a load of garbage takes that was. It didn't present any side other than the provably false one that Reddit is projecting. I can hardly believe that passes for reporting even in this day and age. 💩

[–] RooPappy@kbin.social 1 points 1 year ago

This line: "The move may be an effort by the firm to improve its financials ahead of a potential initial public offering."

Isn't that confirmed bullshit? I thought every developer had already said that the API costs were so high that they were going to shut down. Are there developers who were willing to pay?

You don't improve your financials by putting a price on things. You only improve them if you actually collect money.