Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by refulgentis on Friday June 30, 2023 @10:41AM
(#36535729)
The "obvious" solve was never discussed because:
- there's a vanishingly small minority who pay for apps
- Apollo volunteered to be the asserter of what 3Ps thought and they were extremely aggro
- It's a Solomon's baby situation, it's a worse outcome from all sides: 3P would be _more_ irate, their customer base gets slashed to nothing. Reddit needs to be able to charge for the API without having elaborate carve-outs for monetization schemes from years ago that didn't work
- People aren't thinking straight and are extremely aggressive in discounting others, sure, the user generates API calls. That doesn't mean the app doesn't make API calls
- there's a vanishingly small minority who pay for apps
- Apollo volunteered to be the asserter of what 3Ps thought and they were extremely aggro
- It's a Solomon's baby situation, it's a worse outcome from all sides: 3P would be _more_ irate, their customer base gets slashed to nothing. Reddit needs to be able to charge for the API without having elaborate carve-outs for monetization schemes from years ago that didn't work
- People aren't thinking straight and are extremely aggressive in discounting others, sure, the user generates API calls. That doesn't mean the app doesn't make API calls