When will the company make money? After two decades, it still can’t say. And there are enough other red flags that investors might want to be wary.
  • falsem@kbin.social
    40·
    1 year ago

    I’d imagine reddit could be profitable too if they stopped throwing money at stupid shit like NFTs and avatars. Selling API access for AI training was a good move in terms of bringing in income since it basically costs them nothing, and they could have totally pulled that off without pissing off half their userbase.

    • MaggiWuerze@feddit.deEnglish
      14·
      1 year ago

      They could’ve also called reasonable prices for api access for 3rd party apps and would have a nice revenue stream now instead of the pr shitshow they got.

      • Ilgaz@lemm.eeEnglish
        5·
        1 year ago

        I think I have read this suggestion at Reddit: "Make people who wants to use API as clients pay. " The app doesn’t have to have API key, user pays a very reasonable money to access Reddit with their favourite application. Obviously it would come with sane for human browsing limits and AI leechers should pay millions.

        Just like a plain old radio station where you can access from web page for free but you need to subscribe for better AAC, high quality streams and standard VLC support.