It's certainly a consequence of interest rates going up. In the words of buffet, Reddit has no pants.
They should have improved their platform and lock useful features behind a paywall, like video and image hosting. They could have made money on their core appeal - hosting communities for people.
Instead, they've bloated their site into an adware riddled clusterfuck, ignored useful features that people actually wanted, and just turned into a hilariously useless company in general, making their site worse with every change instead of better.
We desperately need regulation that kills the network effect that feeds these companies, because it's clear their users aren't the priority.
They should have improved their platform and lock useful features behind a paywall, like video and image hosting. They could have made money on their core appeal - hosting communities for people.
Instead, they've bloated their site into an adware riddled clusterfuck, ignored useful features that people actually wanted, and just turned into a hilariously useless company in general, making their site worse with every change instead of better.
We desperately need regulation that kills the network effect that feeds these companies, because it's clear their users aren't the priority.