When you actually have to make money, everything changes
Quote
When you actually have to make money, everything changes. And so Reddit, they don't have a choice, they have got to make money, and they are going in they're going to do it. And you know what, it's going to be just fine.
Episode 137: Wonk Factor (episode page, opens in a new tab) 00:16:13 (play audio from this timestamp, opens in a new tab)
Speaker-labeled
Summary
The free-money era of big tech is ending. Reddit and Twitter raising API prices and cutting staff are what happens when companies must turn a profit, and it will spread across tech. Twitter went from 8,000 to 1,500 employees and little changed except getting closer to profitability.