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Is anyone else beginning to mourn reddit? (lemmy.ml)

submitted 1 year ago by Showervagina@lemmy.ml to c/chat@beehaw.org

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I've never been sentimental about a social media site but it's sad for me to see reddit so clearly killing itself. Pushshift is already banned and Apollo is soon to follow. Reddit will either pivot fully to a mainstream audience or die out. It's just sad for me to see it doing it to itself.

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[–] aaronbieber@beehaw.org 5 points 1 year ago

Investment usually ultimately ruins everything. In reddit's case it's an even tighter needle to thread because the platform itself produces little value. To be attractive to investors and to produce returns on that investment (perpetually), they have to make operational decisions that prioritize monetization (like all public companies).

u/spez wants his big exit and he'll burn some of it to the ground to get it. But he'll probably get rich, so good for him.