Reddit’s pricing protest

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 14 June 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, thousands of Reddit’s most popular communities went offline to protest the company’s move to start collecting fees for access to its API or application programming interface. One listener called in to ask what all the fuss is about. We’ll get into it and answer more of your questions about how we keep track of consumer debt and the relationship between the underground economy and GDP.

Here’s everything we talked about today:

- “Why are Reddit communities going private?” from Marketplace

- “Reddit goes dark” from Platformer

- “A developer says Reddit could charge him $20 million a year to keep his app working” from The Verge

- “Reddit Wants to Get Paid for Helping to Teach Big A.I. Systems” from The New York Times

- “Twitter will make you pay to DM people who don’t follow you” from Mashable

- “Federal Reserve Board – Consumer Credit from The Federal Reserve

- “Household Debt and Credit Report” from The Federal Reserve Bank of New York

- “Gross Domestic Product: An Economy’s All” from the International Monetary Fund

- “Underground Economy: Definition, Statistics, Trends, and Examples” from Investopedia

Got a question about the economy, business or technology for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at [email protected].

Transcript

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0:00.0	Hey everyone, I'm Rimechres, host of This is Un Comfortable, a podcast from Marketplace.
0:05.3	This season, we explore how secrets can shape our financial lives.
0:09.7	We've got stories about the creative lengths people go to pay off student debt,
0:14.0	what it's like to become addicted to financial submission,
0:17.3	and how easy it can be to get stuck in a vicious cycle.
0:20.5	We take a look at how secrets take a toll on our lives,
0:23.6	and what price some are willing to pay for the truth.
0:26.8	Listen to This is Un Comfortable, wherever you get your podcasts.
0:30.1	Are you curious about the hidden side of everything
0:33.2	that I have the podcast for you?
0:35.1	I'm Stephen Dubner, host of Freakonomics Radio.
0:37.7	Every week, we hear from some of the world's most fascinating scholars and thinkers
0:42.4	as we tackle a variety of topics.
0:44.3	Like why the best employees can make the worst bosses,
0:48.6	why the banana is the most interesting fruit in the world,
0:51.8	and why we dread air travel even though it's a miracle.
0:56.0	Go ahead, listen to Freakonomics Radio wherever you get your podcasts.
0:59.7	We can go whenever you're a game.
1:01.6	If we have...
1:02.4	Game.
1:03.8	Oh, okay.
1:04.8	Wow, that was so good.
	...

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