this post was submitted on 08 Jul 2023
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There are a lot of people who find Reddit useful and aren't really interested in the politics of it. As the site fills up with spam and hate because mods are gone, more of the people who just enjoy the site will leave. Unfortunately by then the the IPO will have happened, people will cash out and start the next thing. I don't think the leaders at Reddit really care about anything except the money.
If they do care they are really going about things the wrong way. For me, I really hope we can switch to things like Lemmy and Mastodon that are not controlled by corporations or advertising.
The real mystery is how any company will look at the current situation of reddit and think "Yes, this looks like it'll be fully fixed within 6 months, tops, and profitable during 2024"
I don't see how Reddit ever becomes consistently profitable. I don't think they can do it with ads and I can't see a future where a significant number of redditors pay for a premium version of the service.