Remember when they killed API access claiming it cost the 10s of millions each year? Turns out they could have just not spent so much on reddit avatars and we’d all still be there today.
They could have just paid the CEO a little less to cover it too. It was just greed so they could sell the data at a pittance, even though the cat is already out of the bag.
they’re selling the ability to harvest data, not provide a platform for anything particularly useful… they are developing data harvesting tools, including for AI…
What in the fuck has Reddit developed in the last year that cost half a billion fucking dollars?
Hey, it’s not easy to make a shitty new redesign of a site. That stuff costs money.
Twice
The executive payroll
Remember when they killed API access claiming it cost the 10s of millions each year? Turns out they could have just not spent so much on reddit avatars and we’d all still be there today.
They could have just paid the CEO a little less to cover it too. It was just greed so they could sell the data at a pittance, even though the cat is already out of the bag.
I haven’t seen that “you broke reddit” message in a while. Maybe they bought more servers?
FTFY
They are paying lots of programmers. 99% of which are unneccessary, to enshitify the site with new features that subtract value for users.
Let‘s see, almost 200 million to their CEO, almost 100 million to their COO. They also got a new logo!
Jokes aside I‘m as floored as you.
they’re selling the ability to harvest data, not provide a platform for anything particularly useful… they are developing data harvesting tools, including for AI…
They gotta sell access to AI companies somehow.