this post was submitted on 20 Jun 2023
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ELI5

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Explain it to me like I am 5. Everybody should know what this is about.

founded 1 year ago
 

Why did so many subreddits go private?

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[–] JohnDClay 7 points 1 year ago (1 children)

It's more the amount rather than that they are charging at all. The timeframe is preditory, and the cost is about 100x similar api cost, and at least 20x what they'd be losing by not having those users on the app.

High volume API tools are also helpful for auto mods and community bots which is especially annoying for mods. Also, modding on mobile is only really possible though third party apps.

[–] [email protected] 3 points 1 year ago (1 children)

i heard that they do this to overvalue their company since they will go public soon, is that true?

[–] JohnDClay 4 points 1 year ago

They are going public soon, but it seems doubtful whether this uncertainty will end up increasing their valuation