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Reddit really is killing the goose that laid the golden egg. An affordable option for API use would have been a good compromise but Spez cant take his head out of his own ass.
This. What these CEOs refuse to understand is that THEY have nothing to do with success of social media companies. It was the contributions that ordinary people brought to Reddit that gave it its value.
Spez and crew literally provided none of the content that makes Reddit relevant. They have monetized content of others for years and have gotten too greedy. Without the community there is no reddit, but it sure as hell can continue without spez.
This is by design. They've got us arguing about the api price, when their goal was to kill off third party apps and get all users on their app so they can data mine us. And the ridiculous api price is a secondary bonus for them, since AI and LLM companies will gladly pay it to sick up the content on the platform.
And the sad part is that it seems like 99 % of Reddit's population don't care the slightest about that and are happily enjoying the ad- and telemetry infested piece of garbage Spez wants to shove down our throats.
They will also gradually turn away from the platform as the content quality deteriorates. But it'll be a slow process.
Shades of slashdot and digg.
Yeah right now these changes will only result in highly invested and motivated users migrating away to other platforms like Lemmy. Then, after a lag... That will result in regular users noticing that the content and moderation and all the other important things that inform the experience at Reddit really suck compared to how it used to be and that those things seem to be a lot more appealing at those other platforms. Then we will see a larger migration. Probably sparked by some new user-hostile nonsense from Reddit's management.
Spez has been a disaster this June.
I've been wondering how much of this is him just losing it over Christian Selig getting (well deserved) public attention for Apollo, while no one is praising Spez for "creating" Reddit. I think he's convinced himself that it's his work (assuming he's done any) that makes Reddit good, and that Apollo is good because Reddit is good, so now he just has it in for Selig. That's not how any of this works, but Spez seems to have that typical Silicon Valley entitlement syndrome that makes techbros think they're all that and a bag of chips, and everyone who doesn't love them is bad and wrong.