It’s honestly really sad what’s been happening recently. Reddit with the API pricing on 3rd party apps, Discord with the new username change, Twitter with the rate limits, and Twitch with their new advertising rules (although that has been reverted because of backlash). Why does it seem like every company is collectively on a common mission of destroying themselves in the past few months?
I know the common answer is something around the lines of “because companies only care about making money”, but I still don’t get why it seems like all these social media companies have suddenly agreed to screw themselves during pretty much the period of March-June. One that sticks out to me especially is Reddit CEO, Huffman’s comment (u/spez), “We’ll continue to be profit-driven until profits arrive”. Like reading this literally pisses me off on so many levels. I wouldn’t even have to understand the context behind his comment to say, “I am DONE with you, and I am leaving your site”.
Why is it like this? Does everyone feel the same way? I’m not sure if it’s just me but everything seems to be going downhill these days. I really do hope there is a solution out of this mess.
As users of these platforms, you are not the customer, you are the product. Your attention, your eyeballs, your information. That product is sold to the real customers - advertising agencies, marketing groups, retail companies, service companies, etc. Now that production of that product has gone through the design phase and scale up, it's time to monetize.
The real issue with Reddit didn't have anything to do wtih API rates. It had to do with product value. Third party apps don't carry through their ads, thus reducing their value to their customers (again, not you). Moving NSFW subs, which significantly increases their product (you), increases the value to their customers. If they were going to allow third party apps to exist, they desire recompense for the dilution in value, hence the high API costs.
This is the future of centralized web services.