One of Spez’s answers in the infamous Reddit AMA struck me
Two things happened at the same time: the LLM explosion put all Reddit data use at the forefront, and our continuing efforts to reign in costs…
I am beginning to think all they wanted to do was getting their share of the AI pie, since we know Reddit’s data is one of the major datasets for training conversetional models. But they are such a bunch of bumbling fools, as well as being chronically understaffed, the whole thing exploded in their face. At this stage their only chance if survival may well be to be bought out by OpenAI…
Could they have something to do with it? Yes, for sure. But the thing is that they didn’t have to do any of this the way they did. They could have made an API plan that allowed third party apps to still exist/thrive, and also charge big companies that just want to use reddit to train LLM’s. Change the pricing/terms based around this idea. They deliberately went after third party apps, and then double and tripled down on it in the face of massive backlash. If spez was competent, he would have been able to better pivot this conversation and make it about training LLM’s for megacorps, but he didn’t and even then it would have still been bullshit that is easily seen past.