this post was submitted on 11 Jun 2023
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Yes, this exactly. Ole spez is blinded by the impending IPO and those dollar signs are blocking anything else in his mind. At this point I think he would drive Reddit into the ground just to try and get a payday. For Reddit to survive he needs to resign.
I'm not discounting the possibility that spez himself is also evil — he's certainly done enough shady shit. He was once a mod of r/jailbait, after all, and he (or Reddit staff) had given one of the sub's founders a "Pimp Daddy" badge.
Holy shit! I did not know that!
Reddit will survive. Boycotts don't work anymore because people can never organize enough to beat out the massive reach of entrenched monopolies anymore.
The sad part about this whole reddit story, is that it will probably lose a lot of niche communities and quality content, and keep low-effort memes and the same ask me anythings over and over again, but with people watching ads and them making money. I hope the people that create/want quality content move on to better sites instead of just giving up.
Next thing they will add is subway surfer and text to speech, with ads in between. That's probably their dream scenario.