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Reddit CEO Triples Down, Insults Protesters, Whines About Not Making Enough Money From Reddit Users (www.techdirt.com)

submitted 1 year ago by tvbusy@lemmy.dbzer0.com to c/news@beehaw.org

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[-] freeman@lemmy.pub 3 points 1 year ago* (last edited 1 year ago)

What I find interesting is this could be avoided by granting exceptions to the existing app devs and being done with it.

I get the api costs money and theres folks like pushshift aggregating data and using it for their own profit. I’m sure plenty of companies are using data for adverts and more. And there’s an argument there Reddit deserves a cut. Especially if they are using the api to train bots or ai to have conversations for their own inventions.

But just the ass backwards way they handled devs of existing 3p apps that constitute value add to their data sets is just…mesmerizing.

And if these users ARENT a majority of the usage or costs, why bother cutting them off and not just granting exceptions to avoid the PR issues.

[-] tvbusy@lemmy.dbzer0.com 3 points 1 year ago

I think you misunderstood spez. He wanted no 3rd party app at all. RIF was paying Reddit for using their brand name and spez terminated the contract. It's all about control.

It would be much easier to just inject ads into data returned by the API. Apps will automatically display these ads and developers will understand that if they filter these ads, their access to Reddit will be either limited or completely cut out.

[-] zero_iq@lemm.ee 3 points 1 year ago

There are myriad ways to make money off third party apps that benefits both reddit and the apps. Spez is an absolute moron, who has thrown a spanner in the works of both, when he was sitting on a golden opportunity. I don't think he has any business sense at all.

[-] Zagorath@aussie.zone 1 points 1 year ago

Wait really? Source? I always thought it was unauthorised name use that went quietly unacknowledged for a long time, until they decided otherwise.

[-] tvbusy@lemmy.dbzer0.com 5 points 1 year ago

Shu also tells me that RIF was paying a “sizable revenue share” to Reddit beginning in 2012, which was during Yishan Wong’s tenure as CEO. Shu says he says initiated the talks with Reddit to create the agreement, which allowed for the licensed use of Reddit’s trademarks. (At the time, the app was called “reddit is fun.”) Shu says Reddit terminated the agreement in 2016 — which was the year after Huffman took over as CEO. https://www.theverge.com/2023/6/16/23763661/reddit-rif-is-fun-developer-ceo-steve-huffman

this post was submitted on 18 Jun 2023

187 points (100.0% liked)

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