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

submitted 1 year ago by Kindred87@kbin.social to c/RedditMigration@kbin.social

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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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[-] earthling@kbin.social 0 points 1 year ago

The ongoing strike, spurred by Huffman’s plan to charge fees to third-party apps that serve up Reddit content, was supposed to last for 48 hours.

Not just charge fees... Exorbitant fees. Outrageous fees.

If Huffman wanted to target these much higher costs to LLMs, they could have instituted an approval process for 3PAs which got charged sane API fees while they charge much more for LLMs. I'm no dev but I think they could tell the difference between the two by just analyzing the API traffic.

But they aren't doing that. Maybe LLMs were the primary target but they sure aren't even trying to keep 3PAs around.

this post was submitted on 18 Jun 2023

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