• @Harpuajim@lemmy.fmhy.ml
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    111 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.org
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      41 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.