The same story it always is.
Reddit, like so many other places, believes it has a right to extract the value the community creates.
But it doesn't. It didn't create the value, the community did. It convinces itself it has a right to profit here, but it really created almost none of the value.
It is then surprised when it can't just sit and extract value from the community without pushback.
This kind of value extraction only works (If at all), when the value being provided by the company is somewhere near that being provided by the community.
Then people are a little more willing to feel like you deserve something.
In reddit's case, it's very uneven. Despite providing the website and bandwidth, Reddit feels to most of its community like a large scale freeloader, as funny as that may sound.
That sort of relationship eventually goes south, though it takes a while sometimes.
All of these places eventually discover that they are not the thing driving real value.
Those that are smart realize this early on, try to make as much as they can while they can, and diversify before it all goes to shit.
Reddit is not one of those.
Reddit, like so many other places, believes it has a right to extract the value the community creates.
But it doesn't. It didn't create the value, the community did. It convinces itself it has a right to profit here, but it really created almost none of the value.
It is then surprised when it can't just sit and extract value from the community without pushback.
This kind of value extraction only works (If at all), when the value being provided by the company is somewhere near that being provided by the community.
Then people are a little more willing to feel like you deserve something.
In reddit's case, it's very uneven. Despite providing the website and bandwidth, Reddit feels to most of its community like a large scale freeloader, as funny as that may sound.
That sort of relationship eventually goes south, though it takes a while sometimes.
All of these places eventually discover that they are not the thing driving real value.
Those that are smart realize this early on, try to make as much as they can while they can, and diversify before it all goes to shit.
Reddit is not one of those.