Exploring Reddit’s third-party app environment 7 months after the APIcalypse
Exploring Reddit’s third-party app environment 7 months after the APIcalypse
Apollo dev: "I don’t believe Reddit’s leadership... cares about developers anymore."
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The essential part at the end:
“ When reached for comment, Reddit spokesperson Tim Rathschmidt directed me to Reddit's API FAQ page and said the company couldn't comment further because it's in a quiet period and doesn't "comment on confidential business conversations and/or agreements." ”
We can infer that it was not the fountain of money they thought it would become.
More telling is their silence. Who doesn't want to promote and advertise how profitable they are to potential shareholders just before an IPO.
Who doesn’t want to promote and advertise how profitable they are to potential shareholders just before an IPO.
They might want to, but it's illegal.
The "quiet period" is a reference to an SEC law that forces any company to be radio silent for a strict 40 day period during the IPO process. Reddit is in that period now and therefore they cannot say a word.
JPMorgan was fined almost a billion dollars for answering questions on a phone call during their quiet period.
I love this personally. The admins had a vision for the future that was not based in any form of reality, but rather the same wealth extraction tactics that have collapsed so many other services.
Anyone who remembers the Digg exodus, there are reflections of that in reddit's stittastic new policies.
Just more proof that enshittification isn't a slow erosion of quality over time but rather direct actions taken by a profit-seeking leadership.
If you go back now and look in older technically complex threads it is a wasteland of [Deleted] and various account scrubber script Lorem Ipsum as a good chunk of decent contributors have left and burned their accounts.
Good.
Looking forward to the day that they don't prop up google anymore.