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Cate Ambrose discusses private equity deals and trends, while Heather Spilsbury talks about increasing gender diversity in corporate governance. The podcast also covers Fed Chair Jay Powell's testimony, the controversy surrounding Reddit's API usage, and market conditions.
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Quick takeaways
- Reddit's decision to monetize API usage has sparked backlash from developers, raising questions about how value creators online should be compensated.
- Despite concerns about overvaluation, investors are embracing the momentum of the stock market, fueled by a large influx of cash on the sidelines.
Deep dives
Reddit's Controversial API Changes Spark Developer Backlash
Reddit's decision to start charging for API usage has led to backlash from developers and resulted in parts of the site going dark. The API is commonly used to gather data for AI training models. The controversy stems from Reddit's desire to monetize the API usage, which affected not only developers making AI models but also app developers creating tools for Reddit users. The backlash highlights the broader issue of who creates value online and how they should be compensated for it.
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