The damning part of the interview is that RiF effectively already had a profit sharing agreement with Reddit that was cancelled under the current CEO.
So Reddit was already in the process of getting money from third party apps until Spez cancelled the agreement. Now Spez wants to pretend that he is only trying to get compensated rather than killing the apps.
Think it depends on how much his assholery cuts into the bottom line unfortunately. If the blackout can scare off advertisers for a reasonable amount of time then his ass is grass. If advertisers still think it’s worth it to associate with reddit then it doesn’t really matter how much a douchbag Spez is. Capitalism baby, a bucks a buck.
Yes when all the apps had to change their names (January 2020), it came out that they had previously been working under a Trademark licensing arrangement.
(When “reddit is fun” became “rif” and then “rif is fun for Reddit”.)
A lot of people thought it was Reddit suddenly cracking down to protect their trademark, but in reality it was something more petty.
I should mention I’m grateful to the “old” Reddit Inc. and its former employees for being willing to let me use the “reddit is fun” name for the past decade, working with me on mutually beneficial agreements like revenue share, in exchange for licensing the Reddit trademark. Not sure if you would be reading this, but thank you.
The damning part of the interview is that RiF effectively already had a profit sharing agreement with Reddit that was cancelled under the current CEO.
So Reddit was already in the process of getting money from third party apps until Spez cancelled the agreement. Now Spez wants to pretend that he is only trying to get compensated rather than killing the apps.
Steve is such a savvy businessman. Cancelling revenue sharing arrangements with (a) 3rd party app(s) which benefit your company.
I cannot wait how steve talks himself out of this one.
This is the most damning thing so far.
Calling 3rd party apps freeloaders while at least 1 of them was paying their fair share for 4 years.
what are the chances of this douchebag being ousted as ceo?
increasing every time he jacks his jaw.
Think it depends on how much his assholery cuts into the bottom line unfortunately. If the blackout can scare off advertisers for a reasonable amount of time then his ass is grass. If advertisers still think it’s worth it to associate with reddit then it doesn’t really matter how much a douchbag Spez is. Capitalism baby, a bucks a buck.
Yes when all the apps had to change their names (January 2020), it came out that they had previously been working under a Trademark licensing arrangement.
(When “reddit is fun” became “rif” and then “rif is fun for Reddit”.)
A lot of people thought it was Reddit suddenly cracking down to protect their trademark, but in reality it was something more petty.
https://old.reddit.com/r/redditisfun/comments/el8ri3/reddit_is_fun_is_being_renamed_to_rif_is_fun_for/