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This Reddit post didn't age well... (beehaw.org)
submitted 1 year ago by eclipse@beehaw.org to c/chat@beehaw.org
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So this was 10 years ago, lol. How the tables have turned

Link: https://www.reddit.com/r/todayilearned/comments/1onx27/comment/cctw6ea

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[-] Harpuajim@lemmy.fmhy.ml 12 points 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 5 points 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.

this post was submitted on 17 Jun 2023
118 points (100.0% liked)

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