• Rhoeri@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    From what I’ve read, they’re not hurting from any of this at all. It’s all back to normal. Which is very disappointing.

  • HobbitFoot @thelemmy.club
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    I would have been ok if Reddit charged a reasonable rate for its API, even if it was based on having a form of Reddit premium. But the point wasn’t that Reddit was charging, it was that Reddit made the price so high that it was wasn’t worth it.

  • intensely_human@lemm.ee
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Their revenue model seemed fine with awards. Brilliant model. Value out of thin air. I spent maybe $5/mo on awards.

    Seeing the content itself as the product was a mistake for reddit. It’s like charging people for silverware at a restaurant.

    Use of the API, just like use of the HTTP servers, drove engagement and engagement drove awards sales.

    Just like the use of silverware drives meal purchases at a restaurant. Reddit charging for the API is like a restaurant charging to get the menu texted to you.