just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.

developments to this point:

The Verge is on it as usual, also–here’s their latest coverage (h/t @dirtmayor@beehaw.org):

other media coverage:

  • bouncing@partizle.comEnglish
    20·
    1 year ago

    I would not be surprised if a lawyer jumped in and said that revealing even profitability vs not is something they should do through official channels.

    • sydneybrokeit@beehaw.orgEnglish
      27·
      1 year ago

      He just admitted, just as they’re trying to IPO, that they’re still not profitable. If these third party apps that make up a fraction of their users – their most engaged, active users, by the way – are the difference between profit and loss, they need a better model.

      • BlackCoffee@beehaw.orgEnglish
        23·
        1 year ago

        If it is true than he literally shot himself in the foot.

        Just like you said if it is true that the “1-3%” of the users that use 3rd party apps (by spez his word) can actually provide a profit for the 3rd party apps and the 90+% that uses official reddit channels still cannot… then they have a very big problem.

        I wouldn’t even be surprised though. His whole demeanor reeks of jealousy and contempt.

        The fact that a 3rd party app was actually featured on the Apple event multiple times and name dropped multiple times as “the” way to use reddit, has to absolutely sting as hell.

        Edit; experiencing some lag ;)