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

submitted 2 years ago by [email protected] to c/[email protected]

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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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[–] [email protected] 166 points 2 years ago (34 children)

The funny thing is... for me it wasn't even the API changes, it was how Steve reacted to the community feedback. If you need to make your app profitable that's fine by me, but don't ignore your customers so bluntly. They could've easily worked politely with devs to find an agreeable API price, find alternative funding streams for those devs, etc. They did none of that, instead Steve acted like a jerk.

[–] [email protected] 20 points 2 years ago (2 children)

100%, I was mad about the api changes but realistically I would have stayed

But seeing the interviews he gave was just too much. Especially when he was talking about monetizing people who say things on Reddit they wouldn't say to their therapist. Like, that group specifically you want to milk? Fuck spez

[–] [email protected] 14 points 2 years ago (1 children)

But seeing the interviews he gave was just too much. Especially when he was talking about monetizing people who say things on Reddit they wouldn’t say to their therapist. Like, that group specifically you want to milk?

Wow, I actually hadn't heard that 🤯 It seems believable based on his other behavior though. It's honestly a shame, Reddit is a cool forum, but it's kind of like a nice restaurant where you know the owners are just awful people... And that really just ruins the experience of being there.

[–] [email protected] 4 points 2 years ago

https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html

Paywalled but he talks about the value of the data on Reddit for ai training, basically that he wants to get the money from people saying stuff they'd only say in therapy otherwise

Dude is a creep

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