- cross-posted to:
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- cross-posted to:
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cross-posted from: https://lemmy.world/post/19466667
Money, Mods, and Mayhem
The Turning Point
In 2024, Reddit is a far cry from its scrappy startup roots. With over 430 million monthly active users and more than 100,000 active communities, it’s a social media giant. But with great power comes great responsibility, and Reddit is learning this lesson the hard way.
The turning point came in June 2023 when Reddit announced changes to its API pricing. For the uninitiated, API stands for Application Programming Interface, and it’s basically the secret sauce that allows third-party apps to interact with Reddit. The new pricing model threatened to kill off popular third-party apps like Apollo, whose developer Christian Selig didn’t mince words: “Reddit’s API changes are not just unfair, they’re unsustainable for third-party apps.”
Over 8,000 subreddits went dark in protest.
The blackout should have reminded Reddit’s overlords of a crucial fact: Reddit’s success was built on the backs of its users. The platform had cultivated a sense of ownership among its community, and now that community was biting back.
One moderator summed it up perfectly: “We’re the ones who keep this site running, and we’re being ignored.”
I didn’t mind Reddit gold as a method of paying for upkeep on an ostensibly free site. If well-off Redditors wanted to chip in to help with maintenance resulting in fewer or less intrusive ads then that’s grand.
The point when they started losing me was when the Reddit front page modernised into the Instagram feed looking abomination it is today and when they shifted from Reddit gold to the silver diamond thing they have now. No I don’t want to make an avatar. No I don’t want to follow users or have them follow me.
It started as the last example of old social media like forums and got metric’d into this half-formed freak of a site that seems to actively resent the users that build and maintain their entire platform.
Hell, I chipped in for reddit gold. I’m not well off, I just used the platform loads and didn’t mind paying a little for something I enjoyed. Like so many others, my goodwill was pissed on, though, and I am just another paying customer that they lost. The API thing was the final nail in the coffin for me.
Spez and his executives do resent the users. He’s on record making statements which make it clear that he sees the user’s resistance to monetization as a roadblock between him and his money. The fact that people built all of the content on the entire site for free, doesn’t matter to him. He actively hates them for not behaving in a way that gets him more money.