this post was submitted on 19 Jun 2023
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It's burning the barn down. Sure, new subs will happen, but they will be harder to find, and they need to re-establish the rules. It also makes monetization hard. All those ads sold against specific subs are worthless. And now reddit doesn't know what subs it can sell ads against. Basically they can only sell ads generally to the entire site. This hits Reddit in the wallet. Also, it mucks up selling the data to AI companies.
Long term, I think you are correct. But short term reddit is trying to IPO. This whole protest will devalue any IPO and cause investors to think twice.
I think it's obvious that Reddit will remove the mods if shit posting continues.
I also think it's obvious this isn't the quick fix people keep pretending it is.
Pick a totally new user? Might be a shitty mod and not able to handle the shitposting anyway.
Pick an existing mod that's willing to play ball? That's what they did with /r/piracy, which is now John Oliver themed anyway.