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Reddit CEO: We're Sticking With API Changes, Despite Subreddits Going Dark (www.pcmag.com)

submitted 2 years ago by [email protected] to c/[email protected]

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'Unlike some of the 3P [third-party] apps, we are not profitable,' Steve Huffman says in defending the move to charge for high-volume API access.

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[–] [email protected] 3 points 2 years ago

Not just big tech. It's the story of capitalism as a whole. When we suffered the one two punch of decoupling the cash supply from a tangible asset, and the tax brackets for the Uber wealthy dropping from 90/100% to less than 10% in some cases. We were always destined for this.

And keep in mind I'm not arguing against Fiat currency. But combined did not being locked to a fixed tangible asset. And the basically supreme Court decided profit above all else ruling. It's turned it all into a giant unrelated untamed game of abstract numbers.