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This broadening of the platform has also been reflected in the business. Reddit went public earlier this year at a $6.4 billion valuation, and last quarter, the 20-year-old company turned a profit ...
Steve Huffman, Reddit's CEO. On April 18, 2023, Reddit announced it would charge for its API service amid a potential initial public offering. [6] Speaking to The New York Times ' Mike Isaac, Reddit CEO Steve Huffman said, "The Reddit corpus of data is really valuable, but we don't need to give all of that value to some of the largest companies in the world for free".
Reddit (/ ˈ r ɛ d ɪ t / ⓘ) is an American social news aggregation, content rating, and forum social network. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members.
On 12 August 2015 the whole of Reddit was blocked in Russia by Roskomnadzor because of a post made by a Reddit user on the site. The post is a guide for growing Psilocybe mushrooms. The block was lifted the next day after Reddit complied with Roskomnadzor's demand of blocking access from users in Russia to the specific post. [46] [47]
(Taiwan News) Law and crime. Myanmar state media reports that the ruling military junta will release 5,864 prisoners, including 180 foreigners, under an amnesty marking the country's national independence day.
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Sites such as Slashdot, Digg, Reddit, StumbleUpon and Fark consist of brief submitted stories and a self-moderated discussion on each story. The typical submission introduces a news item or website of interest by linking to it. In response, large masses of readers tend to simultaneously rush to view the referenced sites.
Enshittification, also known as crapification and platform decay, is a pattern in which online products and services decline in quality. Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers, and finally degrade their services to users and business customers to maximize profits for shareholders.