Called it - content quality is dropping down considerably. Eventually not even your typical user (who doesn't really care about API, mod revolts, etc.) will stay. They'll simply leave.
Reddit shat on their content creators and organisers. What did they expect? Reddit could and should be profitable, the fact it's not shows what a total shitshow it is. Spez clearly lost the poop challenge.
I can't stop laughing at the idea of Spez trying the poop challenge. (And failing it every five minutes.)
I'm pleasantly surprised though that the content quality is dropping really fast. I seriously wish for a failed IPO - Reddit is lost either way, but a failed IPO means that other businesses will think twice before doing the same.
I said it from the beginning -- the prolific content posters, the ones in it for the lulz and the community, will be the first to exit when you take away their mobile apps and such.
Yep, this has become reeeaaally visible since a week or two.
I used to regularly browse reddit without being logged in, it was a way to experience the default reddit experience for my region, see what people from my country would discuss as many French speaking subs were included.
I could scroll a couple of pages worth of moderately interesting and quite diverse content.
Now it's mostly garbage, I barely reach the end of the first page. The diversity and the quality has gone way done, it's like a distilled facebookesq version of summer reddit.
It is unequivocally Facebook now, both Twitter & Reddit are a barrage of Facebook users and it shows.
Reddit literally made their newReddit interface to look like Facebook, because their users are worth more money. Spez knew that Reddit would turn into a copy of Facebook, quality and all and decided it was worth it years ago.
The Reddit we used 10 years ago, the one with it's own unique culture, is half dead and it's only going further in that direction.
Back when Reddit was smaller it's was pretty good, for the last 5 or so years it's become too big so all the default subs are just Facebook memes and boomer humour.