this post was submitted on 05 Jun 2023
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Technology
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I've said before, but I think they made a calculated decision to intentionally throw away all of their 3rd party app users. Essentially, some of those users will go to the first party app, but either way, none of us are giving reddit any ad revenue anyway, and that's how Reddit makes money.
Their calculation was wrong for several reasons:
This is probably great for (very) short-term income, which is what Reddit wants before they go public. But obviously, it's bad in every way beyond that.
Totally agree. Reddit is absolutely committing a suicide with this move, even though there could be some financial reasoning behind it.
Fortunately though, the fediverse seems to be ready for the coming exodus, so I don’t really mind. Besides, I’ve been thinking of cutting down or even quitting Reddit entirely. These events will only hasten the inevitable.