• Harpuajim@lemmy.fmhy.ml
    link
    fedilink
    English
    arrow-up
    12
    ·
    1 year ago

    I don’t think they ever expected to get IPO status. That’s the only reason why they’re moving forward with this new API policy.

    • greenskye@beehaw.org
      link
      fedilink
      English
      arrow-up
      7
      ·
      1 year ago

      My understanding is that the recent interest rate hikes are causing the VC purse strings to tighten. Pretty sure Reddit is being told to start turning a profit or be cut off from their funding.