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Reddit filed to go public on Thursday (PDF), revealing numerous particulars of the social media firm’s interior workings. Among the many revelations, Reddit acknowledged the specter of future person protests and the worth of third-party Reddit apps.
On July 1, Reddit enacted API rule modifications—together with new, costly pricing —that resulted in lots of third-party Reddit apps closing. Disturbed by the modifications, the timeline of the modifications, and issues that Reddit wasn’t correctly appreciating third-party app builders and moderators, 1000’s of Reddit customers protested by making the subreddits they reasonable non-public, read-only, and/or participating in different types of protest, equivalent to solely discussing John Oliver or porn.
Protests went on for weeks and, at their onset, crashed Reddit for 3 hours. On the time, Reddit CEO Steve Huffman stated the protests didn’t have “any vital income impression thus far.”
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