this post was submitted on 20 Dec 2023
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Reddit CEO Steve Huffman Interview (www.fastcompany.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 18 points 1 year ago* (last edited 1 year ago) (2 children)

Spez is such a lying sack of 💩

Third party apps weren’t some collateral damage from monetizing LLM usage. Reddit set the prices. There’s no reason why there couldn’t be one price for third party apps like Apollo and RIF that are largely used to add to the community and build Reddit’s value, and a separate price for throws just using it to mine the data.

It wasn’t about opportunity costs of lost ad revenue either. By all estimates, if they gave the third party apps a grace period to rework their business models to be able to pay the api fees. The average third party app user would generate several times more revenue for Reddit than the revenue they get from ads by forcing them to use Reddit’s shitty app

So why Reddit would force people to use their free shitty app if the revenue is less? Either Spez and the leadership at Reddit are idiots or the Reddit it’s giving them something else of value they can sell that they don’t get for the third party apps. Something besides just eyeballs on ads.

I’m pretty sure Reddit killed third party apps so they can harvest more of your data and sell you out.

[–] [email protected] 1 points 1 year ago

Reddit was pretty much a shell of its former self before the third party app scandal, it was just the straw that broke the camel's back , but before that there was a litany of mistakes and bed decisions that killed all the fun that reddit used to be the host of.