just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.
developments to this point:
- Apollo for Reddit is shutting down
- Reddit is Fun will also shut down
- Reddit CEO (/u/spez) is going to hold a AMA about the API update
- Sync has announced it is shutting down
- ReddPlanet has announced it is shutting down
- Reddit creates an API exemption for noncommercial accessibility apps
- /r/videos is planning to shut down indefinitely, beginning June 11
- A subreddit dedicated to migrating to kbin.social has been closed by Reddit
The Verge is on it as usual, also–here’s their latest coverage (h/t @dirtmayor@beehaw.org):
other media coverage:
The thing is, they have operating costs. I’m sure it’s a boatload of money as well, given the size and scope of Reddit. Almost all startups run at a loss. And then continue to do so long past when they’re a “startup”. The money they “make” is from rounds of investors who believe they will find a way to make money in the future. Eventually investors get restless and demand that they find a way to monetize so they can recoup. Without those investors money, the site will come crashing as soon as they miss some critical payments for stuff that keep the site up. I’m absolutely sure that’s what we’re seeing. I think either way, its time has come.
Pinch the users to try to keep it alive for a little bit more. Don’t pinch the users and it dies in a grinding halt when they miss some key payments.
They can always work together with platform developers to make profits. Yet they’re killing the very platform that bring traffics to the site. I can only see greediness here.