Reddit downplays risks of developer backlash, decentralized social media in its IPO filing

Reddit’s long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest. But in the company’s S-1 filing, Reddit fails to fully address the complications that arose from changes to its developer platform and API pricing, which late last year led to site-wide protests, communities going dark, site stability issues, and traffic … Read more

Ukraine downplays lack of aid in new U.S. spending bill

Comment on this storyComment KYIV — Ukrainian officials are insisting that aid to their country is not in jeopardy, despite concerns over a new U.S. spending bill that excluded some $20 billion in assistance for Kyiv. “There are funds,” Ukraine’s ambassador to the United States, Oksana Markarova, wrote on Facebook after the vote Saturday in … Read more

Amid Reddit Blackout, CEO downplays API protest as subreddits vow to maintain combating

The 48-hour Reddit “Blackout” is technically coming near an finish. Nevertheless, the corporate’s blasé perspective about this challenge, which clearly a lot of its customers really feel keen about, might find yourself backfiring. And that scheduled two-day protest could also be prolonged on some subreddit communities…indefinitely. On Monday, hundreds of subreddits went non-public, blocking entry … Read more