Standard business practice.
As you can see, Twitter is now firmly in Act II: 'Finding Out'
Just an 'Oh crap investors can see r/sinkpissers shutitdownshutitdown'
Seconding this. They'll likely install their own mods and force-reopen the sub, since it's one of the bigger ones.
Same with r/technology, and other main subs, id assume
While tangentially related, if this shouldnt be here, let me know.
Reddit also appears to be experimenting with disabling mobile web access to circumvent ads.
Sync for Reddit is also shutting down on June 30th.
ReddPlanet also announced closure on June 30th.
Reddit creates API exemption for noncommercial accessibility apps (Ehhhh, grain of salt on this one. I'm getting a lot of conflicting reports.)
Relay is also out.
EDITS: fixed Sync names, added ReddPlanet. Will keep adding as I see them.
Well, there's two down.
About to get real spicy.
EDIT: Here's the link to the official post via teddit if you dont wanna give Reddit more traffic.
What an absolute bodying in public. Good on him.
"We're sorry we'll change it dont be mad dont be mad oh no"
The line has to go up.
The issue is that big companies have shareholders, and those shareholders don't demand that the company stay solvent, but that they achieve year-over-year growth. Even minimal growth like 2-3% over LY is considered a failure to most shareholder groups, depending on the size of the company. So eventually they have to squeeze every last drop out of the userbase/product to keep the line going up, so shareholders don't sell and bail.
Now, with Twitter there's a whole litany of poitical tin-foil hat theories I can shout out, but this isn't the place for it.
Reddit, Facebook, and Twitch: it's money.
Reddit is getting as much money as it can shored up with Venture Capital before it brings out it's Initial Public Offering (basically going public for people to buy stock in). High IPO, more perceived value, more space for advertisers, people are going to buy in. EDIT: I believe this is why they're making their API pricing so high (hence the whole current Reddit situation right now) so that they can get more ads viewed.
Facebook: I don't even know why people use FB, but im going to guess it's just ads.
Twitch: Again, Ad revenue. Slam as many first-party ads as you can so you get the money from advertisers. Keep the space clean and homogenized so Pepsi doesn't feel bad about putting ads in a video before a hot-tub streamer. (not that they're a bad thing, just using an example)
Everything comes down to the line. And it has to keep going up.
The old saying 'If the site doesn't charge anything, you're the product they're selling' just keeps coming back.
But however will the poor shareholders get their value this quarter?
Someone think of the shareholders!