What if Reddit federated?
Hypothetically, they could implement some internal api and open Reddit to the fediverse no? What would happen then? (I’m sure they won’t because they want the money… but I’m just speculating…)
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Then we'll be able to see their communities and posts without having to give Reddit ad revenue, so they probably won't do that unless they are really desperate. Even if they attempt something like federate their posts as links to their site, instance owners could just defederate with them, then we're back to square one.
What if Reddit sent a bill to the Lemmy devs and just started demanding millions of dollars for the API calls?
That's not gonna happen. ActivityPub isn't controlled by Reddit, and instance owners are free to defederate with Reddit if they so choose.