so, as a rough back-o-the-envelope estimate, what i’m hearing is that apollo, rif, sync, etc would each be charged about $20M, so a total of $60M - $70M they’d make if the 3rd party apps all decided to run with the new API pricing. I don’t know what the AI guys would be charged, but lets say an order of magnitude more - $600M - $700M. All told, these API changes - if everyone paid in, would result in ~$1B in extra revenue.
if 85% of people who use reddit continue to do so, and they convert many of these people into their paid app…maybe they get half of that?
so Spez et al get to add $500M to annual revenues, make the potential investors happy, and all it costs is quality?
they’re 40 years old now instead of 23 or whatever…they want money.
if we assume that Musk made some of his moves to really sell his data / meta-data in ways users might not love, I would assume reddit and spez have been doing the same thing and are getting ready to step that up.
reddit is twitter is facebook is cnn is fox is msnbc. engage as you feel comfortable.
Unlike the Great Library at Alexandria, the information contained in many reddit threads is actually available in other places and can be recreated - often by the same person if necessary and relevant.
I understand people not wanting to have that information deleted, but I think the analogy is a bit heavy. For many, it’s a balancing act where the fundamental disagreement with reddit’s cultural evolution outweighs the desire to participate in the knowledge repository.
I think many people were comfortable with their ideas belonging to the communities that spawned on reddit, and they viewed reddit’s ownership as a necessary technicality for the platform to exist. Once reddit clarified that they intended to act on that ownership, many people no longer wanted to participate.
I think they have that right.
More importantly, who owns our thoughts in this space?