this post was submitted on 07 Jul 2023
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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[–] Joe@infosec.pub 4 points 1 year ago

Agreed but that's unfortunate the reality in surveillance capitalism.

They thought they could do a similar thing as twitter in banning 3rd parties but failed to understand that their moderators and power users that contribute the majority of the content rely exclusively on the 3rd party apps.