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
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.
