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by Guest9081239812
1112 days ago
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> His whole point is that the app isn’t actually worth $20 million a year, which is what they want him to pay. It’s not even worth $10 million. Not to him or Reddit or anyone else. Right now there seems to be two options on the table. 1. The Apollo dev pays $20 million per year for API access. 2. Apollo shuts down and the users return to the official Reddit website/app for advertising. If Reddit is refusing to lower their API pricing, doesn't this mean the users are worth $20 million? If the users were worth $1 million, then why wouldn't Reddit charge $2 million for the API and double their income on those users? That being said, something else must be at play here. The users are not worth $20 million and Reddit refuses to take anything less than $20 million. If I had to guess, they want to boost metrics before going public and are willing to take a hit to their reputation to do so. |
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It’s the same reason I don’t use instagram—seeing an ad every two images bugs the crap out of me. The difference with Reddit is there was a nice third party option.