Reddit’s crisis is a warning for all social platforms: when you trade community for profits, everyone loses. Will Reddit fix its mes...

cross-posted from: https://lemmy.world/post/19466667

Money, Mods, and Mayhem

The Turning Point

In 2024, Reddit is a far cry from its scrappy startup roots. With over 430 million monthly active users and more than 100,000 active communities, it’s a social media giant. But with great power comes great responsibility, and Reddit is learning this lesson the hard way.

The turning point came in June 2023 when Reddit announced changes to its API pricing. For the uninitiated, API stands for Application Programming Interface, and it’s basically the secret sauce that allows third-party apps to interact with Reddit. The new pricing model threatened to kill off popular third-party apps like Apollo, whose developer Christian Selig didn’t mince words: “Reddit’s API changes are not just unfair, they’re unsustainable for third-party apps.”

Over 8,000 subreddits went dark in protest.

The blackout should have reminded Reddit’s overlords of a crucial fact: Reddit’s success was built on the backs of its users. The platform had cultivated a sense of ownership among its community, and now that community was biting back.

One moderator summed it up perfectly: “We’re the ones who keep this site running, and we’re being ignored.”

  • can
    33·
    2 months ago

    And now they’re teeming with bots* and drove away the power users. Look how many posts and comments they’ve lost in the last year just from me alone.

    Edit:

    The beauty of Reddit was its decentralized structure.
    Users created and moderated their own communities with freedom and autonomy, and it led to an explosion of niche interests and discussions. Want to debate the finer points of medieval weaponry? There’s a subreddit for that. Obsessed with pictures of birds with human arms photoshopped onto them? Yep, there’s a subreddit for that too.

    Took a bit but I’m glad we found the actual decentralized structure we needed