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 @[email protected]):
other media coverage:
I would not be surprised if a lawyer jumped in and said that revealing even profitability vs not is something they should do through official channels.
He just admitted, just as they’re trying to IPO, that they’re still not profitable. If these third party apps that make up a fraction of their users – their most engaged, active users, by the way – are the difference between profit and loss, they need a better model.