this post was submitted on 07 Jun 2023
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Technology

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[–] morgiedama@beehaw.org 8 points 1 year ago (1 children)

Absolutely agree. Also this was just a comment I saw so who knows if it's actually true or not but it's something I could see happening unfortunately.

[–] Cube6392@beehaw.org 10 points 1 year ago (1 children)

For sure it's unconfirmed. The only things we really know for sure are:

  1. Reddit wants money for API calls
  2. Their monetization structure is unreasonable
  3. The only possible outcome of their monetization structure is the death of third party apps
  4. Reddit is an American company and conducts itself with the same grace and farsightedness as most of them

Which leads be to the conclusion that the thing you've said is quite possible

[–] LoreleiSankTheShip@lemmy.ml 3 points 1 year ago (2 children)

I'm not American, but isn't it mandated by law over there to do stuff like this, to create the maximum profit for shareholders?

Forgive my ignorance of US laws!

[–] Cube6392@beehaw.org 8 points 1 year ago

No such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You're very much allowed to run a business that stays small forever

[–] peteriskrisjanis@toot.lv 8 points 1 year ago

@LoreleiSankTheShip @Cube6392 it is thought to be true, but it is not.