Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API

  • biscuit@lemdro.idEnglish
    49·
    1 year ago

    I legitimately would’ve paid for the reddit subscription if it meant keeping Reddit Sync. It’s nonsense. They just wanted the apps out of the picture.

    My Reddit use has declined 70% because I only access it from my computer or through Firefox for Android (which is damn near unusable).

    • Cryst@lemmy.caEnglish
      47·
      1 year ago

      My reddit use has declined 100% because I refuse to go to that website. And I was spending hours on it a day.

    • Weirdfish@lemmy.world
      English
      11·
      1 year ago

      I would have happily paid $5 a month for baconreader, probably as high as $10.

      In both time and quality, I used it far more a month than netflix, hbo, or hulu.

      I don’t know what it would have cost to keep baconreader active with the API changes, but from what I read the price was intentionally design to be unsustainable.

      It wasn’t about making 3rd party access to the api profitable, it was about making 3rd party apps go away to push ads and harvest user data.

      In the final weeks, myself and many others said we’d be happy to pitch in to keep baconreader alive, and the feeling I got was that just wasn’t an option.

      Oh well, I’m here now, and can watch the whole mess from the sidelines while getting to be part of a new and growing community, instead of a bloated dying one.

      • minikieff@lemmy.worldEnglish
        21·
        1 year ago

        $10/mo is probably in the ballpark.

        I honestly don’t think the pricing was unreasonable. The main issue was the execution.

        • Hello Hotel@lemmy.worldEnglish
          1·
          1 year ago

          Only reasonable for an individual, bulk tools need more juce than a reg user, reddit holds a lot of cards for what to do to adress the power users

          • minikieff@lemmy.worldEnglish
            1·
            1 year ago

            A lot of the mod tools were exempted. I imagine the ones that weren’t didn’t even try in protest.

    • ShortFuse@lemmy.worldEnglish
      8·
      1 year ago

      You just reminded me to cancel my Reddit Premium subscription. It was $30/year. Not sure what to do with my 75K coins.