just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.
developments to this point:
- Apollo for Reddit is shutting down
- Reddit is Fun will also shut down
- Reddit CEO (/u/spez) is going to hold a AMA about the API update
- Sync has announced it is shutting down
- ReddPlanet has announced it is shutting down
- Reddit creates an API exemption for noncommercial accessibility apps
- /r/videos is planning to shut down indefinitely, beginning June 11
- A subreddit dedicated to migrating to kbin.social has been closed by Reddit
The Verge is on it as usual, also–here’s their latest coverage (h/t @[email protected]):
other media coverage:
This whole situation feels like a short term revenue grab. I bet shareholders are trying to inflate the numbers in order to cash out in the IPO.
Yeah. I think this is pretty much the accepted narrative. Kill the 3P apps -> Consolidate the user base -> Serve everyone adds -> Hopefully turn a profit -> Go public or sell the company -> Founders/Investors cash out and profit.
The collateral damage is that they risk killing the culture that makes Reddit a place people want to congregate.
This is likely the case. I’m sure we’ll see an IPO this year or early next after they’ve pumped up numbers.