Read Reddit’s CEO letter to employees on ‘dark’ protests, Apollo shutdown, and more – Times of India

on Monday, reddit CEO steve huffman Reddit assured employees that it is not concerned about the current protest regarding the company’s unexpected API Change. In a letter shared by The Verge, Huffman acknowledged that there is a lot of uproar at the moment, but believes it will eventually subside. Furthermore, he also mentioned that Reddit has not suffered any significant financial loss.
From June 12 to June 14, several subreddits went private in protest, including those with millions of subscribers. No new posts can be submitted during this time, and content may be unavailable.
The opposition is in support of higher API prices, which has led to the likes of third-party Reddit apps. Apollo to shut down. Apollo Developer Christian Selig has said that the app will be shutting down on June 30 because it will cost it about $20 million annually to continue operating the app.
Reading reddit ceo Steve Huffman’s letter to employees
“Since last night, nearly a thousand subreddits have gone private. We expect many of them to be back by Wednesday, as many have said. While we knew this was coming, it is still a challenge and we have our work cut out for us. Many Snus are working around the clock, adapting to the strain of infrastructure, engaging with communities and responding to a myriad of issues related to this blackout. Thanks, Team.
We have not seen any significant revenue impact so far and we will continue to monitor.
There is a lot of noise with it. Among the noisiest we’ve seen. Please know that our teams are working on this, and like all blowups on Reddit, this too shall pass. The most important things we can do now are to stay focused, adapt to the challenges and keep moving forward. We should definitely send what we said. The only long term solution is improving our product, and in the short term we have some upcoming important mod tool launches that we need to nail down.
While the two biggest third-party apps, Apollo and RIF, along with a few others, have said they plan to shut down at the end of the month, we’re still in talks with a few others. And as I mentioned in my post last week, we’ll be exempting accessibility-focused apps and have so far made agreements with RedReader and Dystopia.
I’m sorry to say this, but please take care wearing Reddit gear in public. Some people are really upset, and we don’t want you to be the recipient of their frustration.
Again, we will get through this. Thank you all for helping us make this happen.”
Despite Selig’s criticism, Huffman is sticking to the API pricing change and implementation timeline. Huffman has made false statements regarding Reddit’s interactions with Apollo, despite evidence provided by Selig. This has resulted in over 8,000 subreddits with millions of users going offline.