@Wilshire@beehaw.org to Technology@beehaw.org • 1 year agoReddit to lay off about 5% of workforcewww.livemint.comexternal-linkmessage-square104fedilinkarrow-up1276cross-posted to: tech@pawb.socialtechnology@lemmy.ml
arrow-up1276external-linkReddit to lay off about 5% of workforcewww.livemint.com@Wilshire@beehaw.org to Technology@beehaw.org • 1 year agomessage-square104fedilinkcross-posted to: tech@pawb.socialtechnology@lemmy.ml
minus-squareThe Cuuuuubelinkfedilink10•1 year agoFor sure it’s unconfirmed. The only things we really know for sure are: Reddit wants money for API calls Their monetization structure is unreasonable The only possible outcome of their monetization structure is the death of third party apps Reddit is an American company and conducts itself with the same grace and farsightedness as most of them Which leads be to the conclusion that the thing you’ve said is quite possible
minus-square@LoreleiSankTheShip@lemmy.mllinkfedilink3•1 year agoI’m not American, but isn’t it mandated by law over there to do stuff like this, to create the maximum profit for shareholders? Forgive my ignorance of US laws!
minus-squarePēteris Krišjānislinkfedilink8•1 year ago@LoreleiSankTheShip @Cube6392 it is thought to be true, but it is not.
minus-squareThe Cuuuuubelinkfedilink8•1 year agoNo such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever
For sure it’s unconfirmed. The only things we really know for sure are:
Which leads be to the conclusion that the thing you’ve said is quite possible
I’m not American, but isn’t it mandated by law over there to do stuff like this, to create the maximum profit for shareholders?
Forgive my ignorance of US laws!
@LoreleiSankTheShip @Cube6392 it is thought to be true, but it is not.
No such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever