I see a lot of comments from bootlickers on how the protests are dumb and stupid and dont work and engagement metrics are still holding but the quality of posts and comments has noticeably depreciated imo. So much so that whenever I visit the site Im actually shocked at how bad it is.
The protest may not have crippled Reddit, but funding may yet do so. Word is, spez did what he did because interest rates went up, the venture capitalists demand an actual return on their investment for once, they want it now, and this is spez’s desperate attempt to make that happen.
This is almost certain to fail. Lurkers, bots, and trolls aren’t going to pay for flashy avatars or whatever silly gimmick he comes up with next. Advertisers aren’t going to want their advertisements to appear next to trolls (see Twitter for evidence). Reddit will run out of money and collapse.
Spez may yet have the last laugh, if he manages to IPO and sell out before the music stops. Time will tell. But every non-shareholder who works for Reddit would be well advised to GTFO ASAP.