Reddit never seemed to behave in a way that made any business sense. VC money has distorted its business model since the beginning, and now it seems that Reddit is willing to burn itself to the ground to put up a barrier for preventing new players from accessing the data that OpenAI and other big tech companies have already used to train their LLMs. I guess that since it never turned a profit this is the only way VCs can get their money back.
Honestly, I find this a very repugnant way of dealing with the user base. A business that never tried to earnestly generate enough value to be sustainable can only be classified as a scam in my book.
Honestly, I find this a very repugnant way of dealing with the user base. A business that never tried to earnestly generate enough value to be sustainable can only be classified as a scam in my book.