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Editorial

Opinionated essays on blockchain systems, game theory, developer relations, and market analysis.

📄️ Reddit IPO and the Complete Story of Reddit API - Why Subreddits Went Dark

Reddit, getting ready to become a publicly traded company in early 2024, was valued at a whopping $15 billion. To handle the financial intricacies, they brought in big players: Morgan Stanley and Goldman Sachs. But as they were gearing up for their stock market debut, controversy was brewing around Reddit's decisions regarding its API. This is the story of why some Reddit communities went dark in June 2023, and what it reveals about the delicate balance between platforms and their developer ecosystems.