This is true, a lot of people do seem to me laboring under the misapprehension that Reddit is a coop. Probably more than any other factor, that explains 95% of

This is true, a lot of people do seem to me laboring under the misapprehension that Reddit is a coop. Probably more than any other factor, that explains 95% of the current controversy (the other 5% mostly being that spez thinks he’s Elon Musk but, well, he ain’t Elon Musk). But on the flip side, I don’t think it’s at all clear yet that Reddit is a viable profit-making company that isn’t reliant on unpaid labor to maintain usage at current levels. A couple months from now, I think we’ll have a much better idea. My guess is that Reddit will be “fine” (in that private or public markets will continue to value it as a multi-billion dollar business) but I’m not highly confident in this prediction. It could also become a poorly moderated cesspool that still has thousands of employees and no equity value, and if it needs to be restructured, I’m not really sure that the network effects are so great that it’ll continue to fill the same role that it currently does. For me, Twitter has become basically unusable since the buyout, and I mean that purely in a technical sense (i.e., no reflection on content, bans, unbans, blue checks, etc.) I just mean that probably half the time I click on a Twitter link, the page doesn’t load. Video works for me maybe a third of the time. If Reddit becomes similarly unreliable due to cost cutting, I don’t know it’ll be that much fun to hang out there.