I'm going to predict that at the 11th hour they walk back the pricing to a reasonable number, as it attempt to 1) save face and 2) to be able to point to their investors and the media that they tried negotiating.
It's too late.
this post was submitted on 25 Jun 2023
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Stop dreaming! Don't get me wrong, I wish you're right, but they've been too stubborn for too long to change course now. They'll appear weak and loose the faih and support of their investors.
On top of all that, the corporate side of reddit want to gain control of the community. The way I think they see it is that it's not a good thing that "mods work for free moderating their forums". They do not have control of their own platform, and I believe that this doesn't go down with investors - if I'm dumping my own money into a company, I want to feel confident that the company is moving in the right direction and they have the necessary controls to do so. Many of us will agree that that is what is unique about reddit and why we love it, but when you introcude investors, business and profits, you need to be able to control your own company to be able to make profit.
Yes, there are subtle ways to control the reddit community whilst still giving the impression that it's free and fair (like what they did with the woman ceo a few years ago, remember?) , but really, all this bad press with the apis is stemming from reddit as a company not being able to control it's own platform. Twitter did exactly the same thing and I for one hadn't even noticed.
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