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Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave
(www.techdirt.com)
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this post was submitted on 30 Jun 2023
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Yes, that was funny and kind of endearing. Back then it also seemed like the goal was more to stay as kind of a community service, but of course the servers needed to be paid. Now it seems like they want it to return huge profits like Facebook and YouTube. It seems like a completely different mentality, where the ideals have vanished. And this is very clearly reflected in the userbase IMO.
During a part of that, reddit was a loss-leader subsidiary of Condé Nast. The magazine side took care of all the "corporate" stuff (legal, hr, marketing), letting reddit itself be lean and fast; it was all engineers more or less, and they all used reddit all the time.