this post was submitted on 05 Oct 2023
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No. The API debacle was fundamentally about money, after all. In the very unlikely event someone does something similarly one-sided and stupid with a fediverse offering, people will simply fork it or move to different ActivityPub compliant software. Neither is possible on Reddit, a proprietary, for-profit website.
Actually... Reddit was open source until 2017.
https://en.m.wikipedia.org/wiki/Reddit
But the rest of your comment still stands.
I stand (partly) corrected, then. Apparently not all of it was (and it stopped being so long before it would've been relevant), but still, didn't even know that.