This from @mmasnick gets it exactly right:

"Reddit is discovering the same thing that Twitter is also discovering: when you build a service where the value is all the free content that users provide, you’re going to run into some problems when you suddenly start acting like you 'own' all that, and you feel the need to put up paywalls for access.... at some point those users are going to realize they have the power to go elsewhere."

#RedditMigration #Reddit

https://www.techdirt.com/2023/06/13/reddit-blackout-crashes-the-site-as-reddit-users-realize-theyre-in-the-power-position/

Reddit Blackout Crashes The Site As Reddit Users Realize They’re In The Power Position

On Monday we wrote about the changes that Reddit was making to their API pricing, causing some services to shut down, and leading thousands of subreddits to choose to blackout (some temporarily, so…

Techdirt

@tchambers @mmasnick @_Jordan

This could be just me, but:

“I’m not so sure that Reddit has the sheer gravitational pull that social media has.”

There’s just no good replacement for Reddit. I can maybe get the social fix elsewhere, but if I’m looking for a review of some random niche product written by an actual human… that only exists on Reddit.

@Kubi @mmasnick @_Jordan

I'd add: "so far."

YMMV but many see the #Threadiverse of apps growing fast to replicate that and maybe more.