Shu also tells me that RIF was paying a “sizable revenue share” to Reddit beginning in 2012, which was during Yishan Wong’s tenure as CEO.

Shu says Reddit terminated the agreement in 2016 — which was the year after Huffman took over as CEO.

Bruh, RIF was already paying reddit until Reddit said “no”, but now reddits like “um actually it just happens to be expensive to run an app like Reddit”

So RIF was paying a revenue share from 2012-2016 (Reddit ended the contract when spez took control). It’s clearly not about the money. It’s about the data, controlling the experience, and knowing what you are looking at.

Rif is all I’ve ever known of reddit. Oh well. I think moving here is for the best. This place is better for my mental health and my conscience.

Guy seems like an idiot. Is he trying to get the VCs to not want the IPO? And he is praising elon about running a company into the ground.

spez lied? no way, not spez, the same butthole who keeps lying about 3rd party developers, spitting in the face of mods, and destroying communities on reddit in the name of the almighty dollar. couldn’t be that guy 🙄

Any chance these former reddit apps can be converted to Lemmy? I know it won’t be quick but I’m wondering if any 3rd party devs have dropped any hints

I just don’t understand the purpose of this guy’s interview tour and insistence on trying to make the developers the villain. It would simply be better for the brand if he said absolutely nothing.