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Reddit: Return Of The Junk Stock IPO
(www.forbes.com)
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this post was submitted on 12 Mar 2024
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It baffles me they didn't take the obvious approach of offering apps/API access for Premium users, only turning it into a billable thing for LLMs. They're not going to pay for the API, they will scrape the site. Your users will! That's a great source of revenue that can last as long as reddit does.
But no, they wanted that LLM money.
They're just looking to cash out and run. They don't care about anything to do with the actual service anymore.