Its the end of an era. It doesn't matter if reddit survives this (which it will obviously do) and goes on to a lucrative IPO and milking the unwashed masses for a few more years.
Because of the moderators reddit felt like a more human place, a least bad option.
For anybody with two firing neurons it is clear now that these centralized ad-driven platforms are where humanity's conversation goes to get annihilated.
The new thing will be the fediverse. Its still unclear how it will get funded etc. It may well be that parts of it will have the same or similar pathologies. But it wont be all of it.
my assumption is that they are executing on a game plan towards that exit (lock down any revenue "leakage", revisit any monetisation options that were held back, reduce costs etc.)
ofcourse nobody can guarantee that they will execute well, that the outcome will not be a disaster even if well executed or that there will be a willing market at the end :-)
but that plan will go ahead irrespective of user action.
Because of the moderators reddit felt like a more human place, a least bad option.
For anybody with two firing neurons it is clear now that these centralized ad-driven platforms are where humanity's conversation goes to get annihilated.
The new thing will be the fediverse. Its still unclear how it will get funded etc. It may well be that parts of it will have the same or similar pathologies. But it wont be all of it.