As an effect of the recent Reddit blackout, the company is now surrounded by disappointed investors and community. I predict that Reddit may end up facing the same fate as Tumblr: being sold to another company. Only time will tell what the future holds for Reddit, but one thing is for sure - the protest will leave a lasting impact on the platform and its users.
I’m off. Donezo unless they reverse course. I’ll log in one last time on the 30th to permanently close the subs I own. I’m debating if it’s worth the effort to scrub my account and delete it, too.
I think even 100% reversal and going back to a free API indefinitely would still not be enough to get many of us back, including myself. The entire company has lost any remaining trust, and they were pretty much in negative balance to begin with.
The API stuff may have been the motivator, but this kind of movement doesn’t happen so quickly without lots of underlying, pre-existing problems.
Honestly, they’ve shown their cards. Even if they reverse course, we know they’ll just try tightening some other screws.
They’re an unprofitable company, and once they go public, the new board of directors isn’t going to let that stand for very long when all of the other big social companies have been clamping down.