Interesting read.

The likes of Spez were just not that intelligent enough to figure out how to make Reddit pay before the VCs called in the investments. Not that it's an easy problem to solve, but if you're going to take on money like Reddit did you sure as hell needed a better plan then leaving it up to later to figure out. Amazon had a plan clearly, Reddit did not.

Also, what Reddit is now doing mimics a little of what Facebook did too, the enshitification of your feeds (just look at the app). They're just hoping Reddit is as addictive as Facebook is and you'll stick around regardless. I wonder if they recent;y hired some new advisers that told them to make these recent changes too?