Reddit is now further away from a public offering than it was last year, Mr. Huffman said, but will continue building its business. He added that the community revolt was a part of what made Reddit Reddit and said he and his team planned to continue engaging with top moderators who were upset with the changes.
“For better or for worse, this is a very uniquely Reddit moment,” he said. “This could only happen on Reddit.”
When he went against his initial principle of "let's not make money through advertising on Reddit"
This whole thing the way it was handled by Huffman, was simply the worst way in which it could be handled. But I must say that he really does have an excellent read of the Reddit users.
I honestly think all of this would've been avoided if they had been just a bit more reasonable. I don't think Reddit going away anytime soon, but I think this will mark the start of a significant decline if they don't do an executive management overhaul.
Reddit may still be there but how many great communities have been irreparably damaged by this move? In a couple of months it might be nothing but bottom-feeding content, repost spam and mindless videos. i.e., nothing of what made reddit actually great to use.
For me, I've been trying to get used to Lemmy, and the fact that it is slightly more troubleskme to use makes me want to engage with it even more.
For sure. I think a major obstacle will be the poor moderation tools and measures against spam with Lemmy, but these are things that can be addressed over time. I think this will be a good initial wave of migration with another to follow sometime in the future.