Wow, an actually good summary of what the problem is with Reddit

Spez is definitely struggling to square his, and his existing shareholder’s, wants with reality.

As to OpenAI and the other LLM snakeoil merchants, it’s definitely true that reddit, and most importantly the actual creators of the content - us - are compensated for the value we create. This is a key point argued in Jaron Lanier’s “Who Owns the Future”, a book realised 10 years ago which only gets more relevant with each passing year.

Spez thinking our content is somehow his, just because he pays to host it, would be hilarious if it wasn’t so delusional.

The last paragraph is interesting and I think sums up what’s wrong with the whole zeitgeist of these tech and media companies: it can be good (and, I argue, is actually better) without being “worth billions”. This feeling that sustainability isn’t enough, decent profit isn’t enough, it has to be worth the GDP of a small country is awful, and it is always done at the expense of the users, who for the most part complacently don’t give a fuck. Unbound greed really is an ugly thing to see…

Edit: fixing autocorrect…

Wait until Reddit is hit with massive fines for failing to comply with all the GDPR deletion requests.

I think the biggest issue is that u/spez thinks Reddit content is proprietary when it’s really a public forum.