this post was submitted on 17 Jun 2023
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Meta (lemm.ee)
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The only downside is how small the communities are in comparison to their subreddit counterparts. I'm afraid that Reddit might be able to keep coasting on numbers alone for long enough to recover and ultimately overshadow this service... But it's a great alternative, and I for one will not be leaving even if they reverse their API decisions.
They won't recover, because Reddit is going to get only worse. There was an NBCnews interview with Huffman, where he more or less let it slip that the next big step is trying to monetize subreddits. People will eventually migrate to the fediverse because Reddit is going to gut very core of what makes Reddit Reddit. Of course Reddit won't magically disappear but it will slowly drift towards irrelevancy as it transforms into something else.
It could be argued that some of the best content creators of Reddit have left, or are considering leaving out of disgust due to disrespect from the admins. If Reddit alternatives prove to have quality over quantity, Reddit might continue hemorraging users, and the ones that stay will be folks that appreciate dopamine-heavy content from TikTok.
Of course Reddit will cost for a while. But they're not going to recover because they have nothing better to offer than what they just took away.
And after Twitter self-destructed last year, people aren't going to jump into Reddit if they aren't there already.