Comment on Reddit: Return Of The Junk Stock IPO

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randomname01@feddit.nl ⁨8⁩ ⁨months⁩ ago

Im a way, yeah. They clearly they made a shitty app to extract as much value from their users as possible. But my point was that Reddit has significantly higher costs than third party app developers, so the business model that works for third party app developers doesn’t work for them.

Looking at a third party app - made by someone who doesn’t have to bear the costs of running the site and can therefore make decent money on an ad-free experience - and a first party one which does have to recoup those expenses doesn’t really work. The financial models are just fundamentally different.

I don’t say that to defend Reddit. They’re clearly a shitty company headed by shitty people, and I’m sure they could’ve found different ways to make money. But yeah, their financial incentives for making an app are fundamentally different than those of other devs.

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