I don’t get the ‘ad’ justification. Because, if they wanted to make up for the lost ad revenue, they just needed to charge around 100th of what they decided. Huffman stated they’re aware of AI people training with reddit data, and I think it’s clear that they’re pricing the API to capitalize on AI training, everyone else be damned.
The ads are the main part, plain and simple. Any other factor is smoke and mirrors. The want to IPO, just have to follow the money.
I don’t get the ‘ad’ justification. Because, if they wanted to make up for the lost ad revenue, they just needed to charge around 100th of what they decided. Huffman stated they’re aware of AI people training with reddit data, and I think it’s clear that they’re pricing the API to capitalize on AI training, everyone else be damned.