The time frame up to the IPO (I don’t know how that timing works) seems to be what is critical. Right now Reddit has been unprofitable. The CEO took on massive new levels of expenses via staffing with no real plan (or it didn’t work?) for how to pay for those expenses. This bad faith “negotiation” on API seems aimed at… I guess trading 3rd party utility and to some extent the community for the ability to sell data to AI industry?
I guess we will see but pick a time frame and none of it looks good for Reddit.
The time frame up to the IPO (I don’t know how that timing works) seems to be what is critical. Right now Reddit has been unprofitable. The CEO took on massive new levels of expenses via staffing with no real plan (or it didn’t work?) for how to pay for those expenses. This bad faith “negotiation” on API seems aimed at… I guess trading 3rd party utility and to some extent the community for the ability to sell data to AI industry?
I guess we will see but pick a time frame and none of it looks good for Reddit.