Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API
I’d argue reddit lost their identity days ago. Several iconic communities and features died with the API slaughter. Now it’s just another link aggregator without the things that made reddit unique.
Not OP, but /r/AMA was one major casualty - mods just basically said F this we’re not dealing with this crap anymore. /r/Pics is fighting the admins on the NFSW tag, along with /r/cyberpunk. /r/interestingasfuck was another one.
As a long time ex-Redditor, the impact is definitely felt - it’s just become another link aggregator. I no longer feel any attachment to the site, especially after finding the Fediverse a much richer source of intelligent content and commentary.
The AMA subreddit mod team gave up on support and recruiting people to give AMAs. /r/pics and /r/videos are gone, almost certainly not coming back. Many companies, like mojang, that used reddit as a semi-official forum have left. Numerous small and medium subreddits have migrated over here. Not API related, but april fools this year was literally just a potato. Other than maybe /r/askreddit, there’s not much there anymore that I can think of that still makes it unique.
Acutely maybe, but it began years ago. I remember as early as 2013 or so people were saying it was not what it had been before
I totally agree. Devaluing the product seems to be the way of business during this inflation. On social networks it’s the content creators. In the music industry it’s the plummeting percentage paid to artists over the last 5 years. You see it everywhere. Simultaneously requiring subscriptions. Essentially Reddit was going to force the API into a subscription profit model if Christian Selig went along and kept Apollo alive.
