187

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

162 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] 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)

World News

22057 readers

41 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS