[lewisflude]

Valid point! But I strongly believe it depends on how you define success. On paper, you’re right, Reddit is the textbook definition of a successful company, with insane amounts of soft power.

However I think that it’s still valuable to look a level deeper at the specific decision making that’s going on at the management level, and how that’s affecting the overall dynamic which has caused Reddit to be popular for so long.

Specifically, these changes disproportionately affect power users and mods, two groups of people who are largely responsible for creating the content that most Reddit users come to the site for in the first place as well as moderating that content to ensure the quality is high (all unpaid!)

In any case, time will tell if these decisions help or hinder the IPO. My personal gut feeling is that reddit will be around in 5-10 years time, and possibly even growing in terms of popularity but we’ll probably see a decrease in quality of content and moderation and potentially a few competing sites existing on the fringes.

[tsunamifury]

It’s already deep in the chumbox content and enshitification cycle with users

It missed the IPO window and overcooked and now is trying to monetize on the backslide.