Breakingviews - Reddit’s golden geese foul up its IPO plans
www.reuters.com
Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.

Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.

  •  towerful   ( @towerful@beehaw.org ) 
    8•1 year ago

    In my view, or at least why I left Reddit (and support the strike), it’s not about the API charging.
    It started as the price. Then it was also about
    Lies about the 3rd party apps.
    Lies about 3rd party app developers.
    The whole process from January (no API changes planned) to announcing there will be a cost, to 6 weeks later giving a 1 month deadline and stating the ridiculous prices.
    Back up by years and years of failed promises from Reddit, as well as whatever bullshittery they seem to concentrate on instead (chat, streaming, NFTs)