this post was submitted on 10 Jun 2023
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Technology
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Does it matter what Reddit's business model was founded on? Businesses respond to changing conditions all the time and pivot.
"they got greedy" seems really a naive way of looking at it. They are a business, that's what businesses are all about. Additionally, they are a busienss which is NOT profitable, and need to to change things to survive now that the era of low interest rates has come to end. The real issue is that they are so inept IMHO
I find the word "entshittification" so cringe
Agreed and what this shows is the marketplace of ideas cannot be owned by a corporation. The interests of capital will always come first.