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/