this post was submitted on 12 Jun 2023
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Technology

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[–] doctortofu@reddthat.com 84 points 1 year ago (44 children)

I just posted it elsewhere, but that's only the beginning. They also announced their intent to turn reddit into an even more ad-infested hellhole than it already is: https://www.redditinc.com/blog/investing-in-what-makes-reddit-unique-introducing-contextual-keyword-targeting-and-product-ads

This is the future of reddit everyone - abandon all hope ye who clicketh here: https://www.redditinc.com/assets/images/site/image2.gif

[–] artistan@lemmy.world 30 points 1 year ago (9 children)

Unlike some of the 3P [third-party] apps, we are not profitable - Steve Huffman, Reddit CEO

Translation - we don't have control of the 3PA and they are getting in the way of moooore profit, so we want them gone.

[–] scrubbles@poptalk.scrubbles.tech 26 points 1 year ago (3 children)

What a shitty job at astroturphing there.

"Won't someone think of the corporations! The evil third party apps (that we admitted were less than 10% of our userbase) are (somehow) bankrupting us! They're using so much API (even though our website uses at least 5x the API calls)

[Translation: There's 10% of the people we could shove ads in front of who are getting around it and I want to sell this sucker so I can buy another vacation property]

[–] Law@fedia.io 1 points 1 year ago

Greed destroys everything.and its jot even greed,im sure they were profitable before but they had to squeeze every ounce of dollar.fucking capitalism.

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