cross-posted from: https://lemmy.world/post/19466667
Money, Mods, and Mayhem
The Turning Point
In 2024, Reddit is a far cry from its scrappy startup roots. With over 430 million monthly active users and more than 100,000 active communities, it’s a social media giant. But with great power comes great responsibility, and Reddit is learning this lesson the hard way.
The turning point came in June 2023 when Reddit announced changes to its API pricing. For the uninitiated, API stands for Application Programming Interface, and it’s basically the secret sauce that allows third-party apps to interact with Reddit. The new pricing model threatened to kill off popular third-party apps like Apollo, whose developer Christian Selig didn’t mince words: “Reddit’s API changes are not just unfair, they’re unsustainable for third-party apps.”
Over 8,000 subreddits went dark in protest.
The blackout should have reminded Reddit’s overlords of a crucial fact: Reddit’s success was built on the backs of its users. The platform had cultivated a sense of ownership among its community, and now that community was biting back.
One moderator summed it up perfectly: “We’re the ones who keep this site running, and we’re being ignored.”
I’m calling bullshit on any user count they release. The site was filled with bots even when I still used it. People kept complaining about “karma farmers” as if there were users who repost popular content. It has always been largely Reddit’s own bots too keep new users entertained and recycle popular content so that it reaches as many users as possible. They turned this up to 11 before going public.
Now that they no longer provide an API, they are free to make up any fake metric they want to try to pump up their worthless stock.
I’m very doubtful too. I look at “active users” stats, and for every sub at every time it never goes above a few hundreds.
The millions subs numbers are bs
One of the really popular subs - with hundreds of posts per day - cracked down on bots and nothing was posted for two days afterwards.
Can’t recall which sub it was,It was WholesomeMemes. I caught wind of that a few days later and it was truly a ghost town. Even now they’ve only got something like 5% of their pre-bot-ban traffic back - about 4-6 posts a day.I remember the “Reddit is just you, me and /u/karmanaut” meme from 2008. He was the original “karma farmer”. It was a problem since the early days due to how they setup Reddit as a system. It just enforced his behaviour.