(06-17-2023, 08:38 PM)PhoenixDark wrote: So how does this net-benefit Reddit? I don't get it.
the changes they're making to API access?
third party apps used the API to deliver users a better experience with no ads, so reddit was potentially losing lots of money on the ad impressions they would've gotten if people had used official apps or the regular website
it also opens up revenue streams in case anyone actually is willing to pay for API access
and on some level I'm sure they would argue that API access allows AI to harvest all that raw conversational data to improve its functionality and make them obsolete somehow
they're doing this because venture capital dried up for all of tech so lots of places like reddit are scrambling for money any way they can
they are looking to do an IPO eventually but based on past money they received, they are massively overvalued which would be disastrous for entering that process now
2 users liked this post: