My First Million The Reddit Revolt, Turpentine, & Shaan's Latest Business Venture
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Jun 13, 2023 Dive into the chaos of the Reddit revolt, where user backlash led to thousands of subreddits going dark. Explore the innovative Turpentine podcast network that aims to shake up media dynamics. Discover Shaan's latest business ventures, including how he invested his Milk Road profits. The conversation also touches on the best practices for hiring assistants and the fine balance of managing investments in today's volatile market. It's a thrilling mix of tech, entrepreneurship, and community-driven discussions!
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Reddit Revolt
- Reddit experienced a major revolt as thousands of subreddits went private, protesting API changes.
- This was driven by the platform's decision to increase API pricing, threatening third-party apps like Apollo.
Reddit's API Strategy
- Reddit's API pricing changes aimed to cut costs, increase revenue, and control data access for AI companies like OpenAI.
- This strategy, however, backfired by alienating moderators and sparking a widespread protest.
Apollo App's Struggle
- The increased API costs made it untenable for Christian Selig, Apollo's developer, to maintain the app.
- Reddit's response was dismissive, further fueling the moderators' discontent and the protest.