this post was submitted on 29 Jun 2023
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To answer the title question: reddit is a part of the zeitgeist, and people use it fairly regularly. By serving everyone ads disguised as posts (and shutting down API access to ensure that all traffic is served ads) they can greatly increase their revenue. Most social media has this same model.
Yup. They already have millions of users hooked, so they can feed them ads and low-quality content and most will stay.