Reddit is used to brawls between its 57 million daily users. Now its keyboard warriors are directing their ire at its CEO, Steve Huffman. Thousands of moderators overseeing the site’s so-called subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature.
  • Hellsadvocate@kbin.social
    0·
    1 year ago

    Huffman deserves credit for thinking like an investor. Some third-party apps using Reddit content make money, which an owner of the still-unprofitable Reddit would probably prefer to share. A bigger target is artificial intelligence companies such as OpenAI that create value by scraping Reddit’s forums to hone their own products. Huffman’s plan would shut off that free-data spigot.

    Seriously? Way to go capitalism.

      • Difficult_Bit_1339
        1·
        1 year ago

        Also, not negotiating with Apollo means they earn $0 from Apollo.

        The CEO publicly slandered their largest potential API customer and failed to come to any sort of agreement with them, losing Reddit many millions/yr in revenue.