People are starting to place bets on Reddit's civil war
www.businessinsider.com
BetUS said not all everyone believes Reddit might reverse its pricing move, but almost all think CEO Steve Huffman will survive regardless.

Hundreds of people are putting money on whether the company will back-track on its new API pricing policy or oust its CEO Steve Huffman, BetUS told Insider.

The online betting company said there was “very close heat” over whether Reddit will reverse its new pricing policy.

“So far, the betting public seems very much “at odds” and are undecided on this one so far,” it said.

Almost all bets have been on Huffman still being CEO by December 31, BetUS added.

  • parrot-party@kbin.social
    1·
    1 year ago

    They wouldn’t shut down if the API changes were reversed. It’s still a revenue stream for them. But I could easily see them not developing the apps anymore without stronger assurances of long term support.