Rob CReddit CEO: We're committed to burning this shit to the ground.
https://www.pcmag.com/news/reddit-ceo-were-sticking-with-api-changes-despite-subreddits-going-dark #reddit #redditblackout
Iron@robcee
Its weird, while i disagree with the cost i dont actually blame them, reddit costs money to keep going if what they were doing before stopped being enough with how many people use reddit i can see why.
Do i think its the right model of payment? No but i can understand the cause. Not here to start an argument just sharing an alternative view
HammerHeadSharksIt’s the extreme fees that are the issue. $5-10m for server costs, $5-10m in staff expenses and let’s say $10m in profits. At $30m a year, it’s absurd to charge one small third party app $20m.
@HammerHeadSharks @Ironbatman12 I think you missed a decimal point on your staffing costs. At $150k / year * 2k employees, we have ~$300m. Server/cloud costs are likely similar if not more.
Still, a lot to ask a 3rd party app IMO.
Half my point is that there is no need for so many employees and so many other costs, except for the IPO. This is a case of people not being satisfied with enough. That is the core issue.
Why accept their bad business decisions as valid in the first place? Why accept the excess costs as reasonable costs reasonably needing to be covered?
As for server costs, I’ve not seen estimates above $9m. If you’ve got better numbers, it would be interesting to look at.
I agree and am hopeful that Reddit comes back from this but only time will tell