Comment by jmyeet

2 years ago

Is anyone surprised at this point?

Look. This is always going to happen with user-generated content ("UGC") sites where the users who create the content don't own the platform. The owners will always reach a point of trying to extract as much value as possible from those users. Personal subreddits? Well they don't provide value (to the owners). We're long past the point of subsidizing users to grow Reddit. Now it's just value extraction.

And it happens to every UGC site and people are still somehow surprised. It's the most Lucy and the football thing I've ever seen.

This is why Wikipedia being owned by a foundation rather than a private venture-backed company is so important. Same for ICANN not being a for-profit company (remember how private equity tried to steal the .org registry [1]?).

[1]: https://gizmodo.com/private-equity-firm-trying-to-take-over-...