Live data from Hacker News

Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

theverge.com

41–50 of 66 posts

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#41
post #31

Earlier quoted context omitted.

Contractually?

It's far worse option than directly taking money for the API access.

Depends, if your goal is to increase the value of your ad sells not necessarily.

But the point is really that there are plenty of options, and instead of attempting any of those Cs just went with api euthanasia.

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#42
post #38

> Interviewer: I don’t know if I agree with the characterization that Apollo is a fully direct competitor of Reddit. > Huffman: Okay, hold on, timeout. You go to the App Store, you type in Reddit, you get two options, right? There’s Apollo. You go to one, it’s my business, and you look at our ads, use our products. That’s 95 percent of our iOS users. The rest go to Apollo, which uses our logo, or something like it, t…

To save apollo? An ios-only app that a tiny number of people use? talk about entitlement

If it’s such a tiny number of people, why is spez so desperate to shut it down?

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#43
post #38

Earlier quoted context omitted.

To save apollo? An ios-only app that a tiny number of people use? talk about entitlement

If it’s such a tiny number of people, why is spez so desperate to shut it down?

The question to ask is "why are mods taking down the whole site for a tiny app"

almost every company does not allow direct competitors in their platform. I m not even sure about the apps they are "cooperating" with. Down the road, one of them may end up reselling reddit content and come into conflict again.

The fact that reddit made poor decisions in the past should not stop them from making the right decisions now. Unfortunately though they still dont seem to have a good plan

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#44
post #7

> Interviewer: I don’t know if I agree with the characterization that Apollo is a fully direct competitor of Reddit. > Huffman: Okay, hold on, timeout. You go to the App Store, you type in Reddit, you get two options, right? There’s Apollo. You go to one, it’s my business, and you look at our ads, use our products. That’s 95 percent of our iOS users. The rest go to Apollo, which uses our logo, or something like it, t…

He has a point, no? Sure, there's a middle ground where API access is priced so both Reddit and Apollo make money. But Apollo can offer a better experience because they don't have to sell ads, and if they get a large enough market share they can just start their own Reddit.. the codebase is not an effective moat.

Reddit already has a no-ads Premium offering. Just require 3rd party app users to buy that -- just like Spotify does. Problem solved.

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#45
Reddit got half a billion people addicted to candy and now CEO Steve Huffman refuses to sell it because he thinks they're eating it wrong.

There's already an API and an ecosystem of third party apps. I'm amazed at the failure to embrace the opportunity to monetize this in a reasonable timescale, in a world where customers are already accustomed to monthly subscriptions.

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#46
post #38

> Interviewer: I don’t know if I agree with the characterization that Apollo is a fully direct competitor of Reddit. > Huffman: Okay, hold on, timeout. You go to the App Store, you type in Reddit, you get two options, right? There’s Apollo. You go to one, it’s my business, and you look at our ads, use our products. That’s 95 percent of our iOS users. The rest go to Apollo, which uses our logo, or something like it, t…

To save apollo? An ios-only app that a tiny number of people use? talk about entitlement

If the number of people using it so tiny then why is such a big problem for Reddit? It's not like calling an API is more cost than using the website itself. Huffman says only 3% of users use 3rd party apps. If that's the case, then why bother with all this crap? For some slice of 3%?

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#47
5% of users are accounted for $10M cloud spend? Simple extrapolation suggests $200M annual cloud spend and their 2021 annual revenue was $350M. If those numbers are really true, I guess they're making a very wrong prioritization. They should be doing aggressive cost optimization on their infrastructure rather than trying to find a small revenue stream from those 5%.

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#48
post #2

> We don’t have to meet our deadline. We told folks hey, we need to come up with a plan, or we’re going to start billing you on July 1st. I don't understand why he keeps doing these interviews, he's just terrible at responding to completely predictable, reasonable questions.

I can't believe he's the CEO of a company as big as Reddit. After being pressed for why the 3P apps have 1 month to figure out a plan, he is visibly angry and keeps saying "we've been supporting them for 10 years!" which only makes the company look incompetent for not warning sooner if July 1st is some hard deadline. Then saying "those 3p devs [Apollo] don't want to work with us" with no hint of irony. Dude, obviousl…

It's so disingenuous too. Basically calling app developers freeloaders. The reality is that Reddit just didn't charge them. If someone hands you a cookie for free every day for 10 years is it fair to call you a freeloader? You didn't steal the cookies -- they literally wrapped them up and handed them to you every day. How horrible it is that you ate all those cookies without paying!

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#49

Reddit got half a billion people addicted to candy and now CEO Steve Huffman refuses to sell it because he thinks they're eating it wrong. There's already an API and an ecosystem of third party apps. I'm amazed at the failure to embrace the opportunity to monetize this in a reasonable timescale, in a world where customers are already accustomed to monthly subscriptions.

From the start I was expecting to start paying for this. I've used 3rd party apps for over 10 years. Make it a reasonable amount and I'm in. Instead we get this.

Re: Full Interview: Reddit CEO Steve Huffman Isn’t Backing Down

#50
post #7

Earlier quoted context omitted.

He has a point, no? Sure, there's a middle ground where API access is priced so both Reddit and Apollo make money. But Apollo can offer a better experience because they don't have to sell ads, and if they get a large enough market share they can just start their own Reddit.. the codebase is not an effective moat.

> But Apollo can offer a better experience because they don't have to sell ads... Reddit could require serving their ads as a requirement for API access. Right now there is no way for Apollo to serve reddit ads even if they wanted to.

I don't think the reddit API currently includes their ads.

Reddit could choose to include the ads they sell within the API calls and say that anyone who uses the API has to display the reddit ads as well.

Maybe they could even share the ad revenue with the third party apps when someone clicks on the ads in the third party app.

They could then charge for the API calls that don't have the ads in them - e.g. the LLM that are consuming the data.

Post reply on HN