The essential part at the end:
“ When reached for comment, Reddit spokesperson Tim Rathschmidt directed me to Reddit’s API FAQ page and said the company couldn’t comment further because it’s in a quiet period and doesn’t “comment on confidential business conversations and/or agreements.” ”
We can infer that it was not the fountain of money they thought it would become. Hence, all the special exception for leftover third-party apps to not abandon a leaking ship.
More telling is their silence. Who doesn’t want to promote and advertise how profitable they are to potential shareholders just before an IPO.
I’ll skip. Just like how I skipped AOL, MySpace, LiveJournal, 4Chan, Friendster, Hi5, Orkut, Bebo, Tumblr, Facebook, Pinterest, Blogger, Google+, LinkedIn, Snapchat, Twitter, Instagram, Quora, Twitch, YouTube, Vine, Netflix, OkCupid, Tinder, Grindr, Bumble, Discord, TikTok… oh all of the Apple ecosystem, and many other I missed by being oblivious or simply never heard of…
I liked the Slashdot, Digg, Reddit and now the Lemmy format/style. Will continue to move on to whatever I find stupid simple and publicly accessible I guess. I am naturally lazy, advertisement averse and hate having to provide personal info just to use something non-governmental or non-essential.
Now, with the increasing prevalence of LLM based bots, I will probably ineluctably reduce my time spent posting anything (I certainly hope it doesn’t get that bad, only time will tell) on any kind of “social media” and focus on current and new family, friends, coworkers, colleagues and acquaintances.