this post was submitted on 20 Jun 2023
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which is now glaringly apparent. There will be no IPO and u/spez is toast.
He had a window of opportunity before the EU legislate against the AI's but he busted it with a useless move against an API that wasn't even a threat.
He could have made another API dedicated to AI's and that would be the end of it. But no, somehow he felt the need to show muscles to someone.
There was even already a paid tier available. Require gold or whatever It's called to access the api. Add a commercial more expensive tier for AI. Done.
Guess we are just too common to understand the big brain moves of spez.
This sounds reasonable, so I can see why it was ignored.
I'm way too pessimist to believe that IPO won't succeed, the world isn't fair and bad guys do win...
Why call it pessimistic? You dodged a bullet here, you surfed the wave when it was at the top, now it's time to move to another wave.
I expect there'll be an IPO, Reddit's owners seem fully intent on cashing out at this point. But it's not going to get them anywhere near the amount of money that they were hoping for, and that they probably could have got if they hadn't driven off a cliff like this.
I'll get the butter and jam!