So this was 10 years ago, lol. How the tables have turned
Link: https://www.reddit.com/r/todayilearned/comments/1onx27/comment/cctw6ea
this post was submitted on 17 Jun 2023
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Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.
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I don't think they ever expected to get IPO status. That's the only reason why they're moving forward with this new API policy.
My understanding is that the recent interest rate hikes are causing the VC purse strings to tighten. Pretty sure Reddit is being told to start turning a profit or be cut off from their funding.