They are all going to leave eventually. If this utter disdain for the users and mods is before the ipo, then everything after will be much worse. It is inevitable now that the quality of content will decrease, and that’s the thing that will doom them. Even if they fire Huffman and walk this back, the damage is done. They can’t draw in new users on a more than decade old product, so their only choice is to change the product to appeal to new users. Today that means going left or right. The users and mods that stay are writing graffiti on the walls in a flooding city.
I’ve been wondering which social media platform was going to fold like a house of cards, completely unable to make money or attract investors. Reddit was at the bottom of that list, but here we are.
The only reason I logged into Reddit at all in the last 12 days was to request my data. Unless something drastic changes, I don't think I'll go back to Reddit at all. It was the only social media platform I still used.
I was on Reddit through all the bad times and I think they finally had a really good user base of people who actually cared about the platform. It was inevitable that it was going to all fall apart though. That's just how capitalism works. They try to wring blood out of stone until they squeeze so hard that they crush the stone.