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Reddit CEO tells employees that subreddit blackout ‘will pass’ (www.theverge.com)
submitted 1 year ago by Kara@kbin.social to c/RedditMigration@kbin.social
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Spez, and Reddit as a whole is basically counting on most subreddits opening back up tomorrow after the 48-hour period.

Really hope that mods can hold out for longer, make them really panic.

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[-] SmolderingSauna@kbin.social 0 points 1 year ago

Quote is from today's piece here https://www.forbes.com/sites/qai/2023/06/13/redditors-go-to-war-with-the-company-as-it-enforces-eye-watering-prices-for-reddit-api/

It is ALL about the Blackout...

[-] ErraticDragon@kbin.social 0 points 1 year ago

No. I mentioned that:

Forbes did mention it in their most recent article, but the majority of the drop in valuation was last year.

The "new" valuation, 41% lower than their investment, was announced in April 2023.

this post was submitted on 13 Jun 2023
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