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A comment on Apollo will close down on June 30th. Parent comment

Re:Apollo will close down on June 30th by soraminazuki on Friday June 09, 2023 @01:02AM (#36253438)
That joke about the $10M wasn't unprofessional at all. If Steve was honest about the $20M per year opportunity cost, he would've instantly agreed to a one time $10M. Then Reddit would gain an additional $20M per year. But it was only a joke because Steve was lying about the $20M opportunity.

Christian is acting in a surprisingly civil manner despite the repeated lies and smears made by Steve and others at Reddit. I see that as being professional.

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Re:Apollo will close down on June 30th by arrrg on Friday June 09, 2023 @03:51AM (#36254681)
That makes no logical sense at all. Why go for $10m if there is no need to because you have already adjusted your own pricing upwards.

Also, what things are priced at is not what they cost …

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Re:Apollo will close down on June 30th by soraminazuki on Friday June 09, 2023 @04:39AM (#36255018)
Reddit specifically said that killing third apps wasn’t their intention, and wanted apps to pay a reasonable amount to cover the costs.

> Also, what things are priced at is not what they cost …

So if that’s the best argument in favor of Reddit, then it’s Reddit that’s being illogical. Or to be more straight, lying.

> Why go for $10m if there is no need to because you have already adjusted your own pricing upwards.

Because $20M is neither the amount Christian was earning, nor the cost that Reddit was paying to provide API access. Steve explicitly said it was a lost opportunity. There was simply no way that Christian could’ve paid that insane price. However, Reddit could’ve earned $20M themselves per year by acquiring Apollo. If the $20M opportunity was even remotely true, that is.

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