I would have thought that most people who didn't want to use Reddit anymore have probably already stopped using it.

But yes I hope to see more bad news for Reddit such as this diminished valuation.

The story seems to be from a marketing-focused website, so it makes sense that the author is addressing advertisers, and how the events with Reddit will affect them.

Also, surely this story proves that the protests absolutely have had an effect. It's causing advertisers to think twice about spending money with Reddit. And as stated in this TechCrunch article, fewer advertisers are visiting the ad-buying part of Reddit's site.

So, the people who complained that these protests are pointless, that they won't change anything, have been proven wrong. The protests are effective. So if people want change in this situation then they should continue with MORE protests. My protest is that I'm not using Reddit.

He's right that Reddit's "aggressive posture" is what's annoyed a lot of users. When I first heard of them adding API costs, I didn't care, because I didn't use 3rd party apps. But their attitude since then is why I don't want to use Reddit now.

They could have apologised for the inconvenience caused by their changes. They could have said something like "we recognise there are users who are not happy with these changes, and we apologise for the inconvenience, but we are in a position where we have to cover our server costs, or else Reddit may not survive into the future". If they had put it like THAT then I bet most people would have understood where they're coming from.

But instead they say things like "oh it's only a small amount of users who are unhappy" and "this will blow over like all of these controversies do". Basically saying "we don't need to listen to you, fuck you, fuck your opinions, we assume you'll use Reddit anyway". AND didn't they say they would respect mods protesting by shutting their subreddits? And then they're like "no fuck you we'll just force them open".

So the impression they give off is not that they're doing these API changes out of a financial necessity to ensure Reddit can survive into the future - instead, like many users have said, it seems like they are literally just trying to milk as many profits as possible in the short-term, so they can cash in as much as possible on the IPO, and then they can quit Reddit and retire to the Caribbean.

Meta is a capitalist social media company and they seem to be doing okay. Facebook might be uncool with the kids these days but it's still massive. And Instagram and WhatsApp are still very popular.

I think the difference between Meta and Reddit is that I bet Meta would issue some sort of apology and carefully crafted PR if they found themselves in Reddit's current situation. But Reddit doesn't even seem to care about angering its users, which just feeds the anger more.

Reddit's response to everything over the last week or however long it has been:

"Fuck you, we don't care about you, we want to line our pockets, we literally think of users as dirt, we expect you to bow down and kiss our shoes"

The chart here shows 37,000 active users for Lemmy, and this chart here shows 45,000 active users for Kbin.

And if the recent trend continues then those numbers should grow.

as they remove more and more mods from subs replacing them with yes men

Would it be easy to find new moderators though? Who would want to moderate for Reddit at this stage? I think most of the people who would show any interest in moderating are currently too angry with Reddit to want to do it.