this post was submitted on 13 Sep 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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They could have done so much. Force third party apps to use their ads or make a reddit premium subscription. Instead they decided to destroy all their free labor.
They didn't have to force them, third party devs asked them to let them use their ads and Reddit told them no!
There was an appropriate balance of API fees, returning adds in the API calls, and charging subscription fees to remove ads that would have generated maximum profit by milking the ecosystem from multiple places without ever pissing off users bad enough to make them leave. Complain? Oh sure, users would have done that plenty. On reddit. Where it made reddit monet. Reddit instead elected to simply shit the bed.
That's called idiocy
Greed comes for every company eventually.
I wish that was true.
Waiting for this to hit Nestle since their early times.
Greed comes for all companies eventually. That doesn't mean they always fail, it just means they aren't going to act ethically over potential profit. That can cause companies that are held afloat by a community to fail (like reddit). It has already happened to Nestlé. They crossed that line a long time ago, they just have better PR.
They were also smarter about it, slowly constricting tighter and tighter whereas with reddit it was more of a poorly executed throatpunch
It legitimately feels like the admins were trying to run off all the mods that cared. Still cant believe Spez did the AMA and thought it would smooth things over. They cant be that ignorant to how the community would respond....
Not to be a raging communist but capitalism really turns everything we like into shit.
See, he does get us…