One of Spez’s answers in the infamous Reddit AMA struck me
Two things happened at the same time: the LLM explosion put all Reddit data use at the forefront, and our continuing efforts to reign in costs…
I am beginning to think all they wanted to do was getting their share of the AI pie, since we know Reddit’s data is one of the major datasets for training conversetional models. But they are such a bunch of bumbling fools, as well as being chronically understaffed, the whole thing exploded in their face. At this stage their only chance if survival may well be to be bought out by OpenAI…
Yes, but it could have been handled better. If ai was the problem they could have gone the route of api only being allowed after an application process so they know who is using it and everyone else trying to use it would get denied until they were assigned a key
100% and they also didn’t need to be total tools about it. giving a month window is a joke, being snarky assholes answering AMAs, telling their user base that profitability is the only thing that matters to them.
Surprising nobody, Reddit continues to make really awful business decisions. This is just another nail in their coffin.