• Harpuajim@lemmy.fmhy.mlEnglish
    11·
    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.orgEnglish
      5·
      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.