Reddit is in danger of a death spiral
News@kbin.social – 137 points – 
zdnet.com
Can Reddit survive as its volunteer workforce close down subreddits and walk away from the site in protest at the management's new policies?
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There's still a big difference between making money to survive, and the insane cash grab that was this new API pricing...
That's kind of the problem, though. That insane cash grab is profit driven. Spez said it himself in the AMA: Reddit is profit driven. That goes beyond makiong money to survive. That's investors seeing a return on their money. That's generating value in preparation fo that big IPO. That doesn't usually mix well with the way a site like Reddit generates value: free community created content. Right now, Reddit is banking on enough users not caring about the protest, or the fact that the site is arguably on a downward trajectory. Looking valuable is more important than being valuable at this point.
Thanks Jack Welch for that kind of mentality. I hope you're burning in Hell.
No argument with what you said, I'm just saying there's a big difference between paying for a server, and paying your shareholders.