I have a feeling like he is being squeezed by the investors. It feels like they want a tiktok/Instagram clone and he is the one that has to tell the Reddit community.
I don’t think this was his vision for the site or he would have done it years ago.
Like it doesn’t make it less shitty but more understandable I guess?
Yeah maybe I’m cynical but i’m sure Reddit, either before or after the reaction to the API pricing, has done the math and have come to the conclusion that even if they alienate a large portion of mods and all users of 3rd party apps, these changes still are advantageous to them in the long term.
To be honest I think people who are anticipating Reddit grinding to a halt if a lot of mods leave are overly optimistic. Yes, a lot of dedicated mods are leaving which means the quality of moderating and the communities will go down. But there’s no shortage of suckers willing to step up.
At worst, Reddit faces a few rocky months of bad moderation and a small exodus of users (I’d be surprised if more than 10% of users leave for alternatives permanently). The outrage will blow over and a large userbase and moderator pool will remain. And being able to monetise all their users to the fullest extent possible is worth that trade-off to Reddit.
It’s a greedy, scummy move but not as boneheaded as a lot of people are portraying this as. I can totally see some analytics/consulting firm advising this to Reddit