this post was submitted on 13 Jun 2023
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Ask Lemmy
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What does this mean then? Reddit’s true intention is to shut down the 3rd party apps?
Personally, I think their intention is to get revenue so they can IPO and get stinking rich.
They would like a sudden increase in revenue, so investors think that they're capable of continuing to increase revenue.
One step that many tech companies use to get revenue in a pinch is to stop giving things away for free if they can charge for them.
The question remains whether they can charge for them. If not, it's possible there's another exit strategy. Just to invent a dumb one: kicking out the NSFW and selling the site to Disney; let the Trumpies exit and promote the site as chiefly for chit-chat about Marvel movies, cute animals, cool science facts, and mainstream politics & news.