Reddit has killed its golden goose. I don't see Reddit recovering from this, certainly not without reverting the API changes.
this post was submitted on 01 Jul 2023
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Doubtfully even if they reverse the changes. There has been a culture shift in what people are willing to do for free as a whole, let alone for reddit. Reddit won't pay, and then they made the mistake of letting everyone see that the grass is greener on other platforms, and the devs they screwed are scrambling to build up those other greener platforms like they did for reddit.
Its the equivalent of a brain drain of scientists fleeing a country at war.
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Reddit isn't ever going to pay anyone to mod a sub. They'll drag all of this out until the IPO and then sell off the whole site to the highest bidders who will probably scrap it all and turn it into a new TikTok app or something.
By that time Steve Huffman will be on a private beach somewhere not giving a single fuck about what happens to all the redditors who made him rich
The only way they make money with IPO is if they short reddit.
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See also "if you want to tell me what to do, put me on the **** payroll."
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🍿🍿🍿 ...... How can you not love this?
They can do what communities like /r/cryptocurrency and /r/fortniteBR do and opt-in to Community Points. Mods of the former make a decent killing with their MOON token.
Granted it's done by milking their users for dollars... but if it's good enough for reddit the company!