Reddit could have charged the actual lost revenue plus a reasonable mark up. Then the 3rd party apps could have survived on a paid subscription basis, and Reddit would’ve made more off those users than if they’d moved to the official app.
Now a bunch of them, like us, are jumping ship instead. It was a dumb business decision. And this kind of stubborn disregard for their users is the kind of thing that destroys companies.
The reason Reddit doesn’t want to do that is they can harvest and sell so much more user profile data if they funnel everything through themselves. That is what they are selling to investors.
Reddit could have charged the actual lost revenue plus a reasonable mark up. Then the 3rd party apps could have survived on a paid subscription basis, and Reddit would’ve made more off those users than if they’d moved to the official app.
Now a bunch of them, like us, are jumping ship instead. It was a dumb business decision. And this kind of stubborn disregard for their users is the kind of thing that destroys companies.
The reason Reddit doesn’t want to do that is they can harvest and sell so much more user profile data if they funnel everything through themselves. That is what they are selling to investors.
Yup. I get it too. ‘We’ll lock down and get rid of the 3rd party apps, just give us a couple of months.’