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Changes to Reddit’s API—which includes new fees for third-party app developers—have been met with pushback from thousands of subreddits, many of which are undergoing blackouts that will last until Wednesday.
Even if we can’t see it immediately, I’m sure potential investors are watching this all unfold very closely. Both from what the communities can do, very quickly, to damage the “product” they are looking to buy, and the corporate response to the situation. That AMA was a colossally bad idea, and continuing to double down, in the media, isn’t going to be instilling any confidence in the money people.
Even if we can’t see it immediately, I’m sure potential investors are watching this all unfold very closely. Both from what the communities can do, very quickly, to damage the “product” they are looking to buy, and the corporate response to the situation. That AMA was a colossally bad idea, and continuing to double down, in the media, isn’t going to be instilling any confidence in the money people.