this post was submitted on 27 Jun 2023
159 points (98.8% liked)

Reddit

13627 readers
1 users here now

founded 5 years ago
MODERATORS
[email protected]
159
Random YouTube comment on the whole Reddit situation that perfectly sums up my taughts (lemmy.ml)
submitted 1 year ago by [email protected] to c/[email protected]
29 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 1 year ago

I think they view it as ripping off the bandaid now before their IPO. They probably figured they would lose some single digit % of users that would recover over time, and now they will have full control over the experience with no 3rd party apps, which they will want in order to squeeze more money over time.