this post was submitted on 20 Jun 2023
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I have a theory and haven't seen anyone else suggest it yet. While I am sure Spez is the tard monkey he appears to be, he only has one choice.
The board/VC investors are ready to cash out now. Spez is too because this ceo job is a lot more annoying to do every day than trolling people. There is a massive payday just around the corner awaiting him and his buddies. The only metrics that matter are what his company looks like on paper to the likes of Goldman Sachs. He doesn't give a rip about mods, 3P apps, APIs, or even users.
Reddit is (probably) running out of cash. They can't even find a measly $10m bucks for Apollo. They can't afford to NOT get the ad revenue from 3P clients because the bills are so tight right now. You can't meet the salary of 3,000 "Snoos" (reddit employees) by pimping reddit gold all day long.
Spez needs to wrap this up ASAP so this bitch can get put out to sale and he can ride off into the sunset.
Yeah. People like to pin this on the CEO individually, but really it is the cycle of enshittification that is pretty endemic to the "tech industry".
It's good that people are throwing up resistance to it—and absolutely no one should care about the fucking CEO's feelings, or his wallet—but we also need to grow past thinking this is all based on individual behavior and realize that it's capitalism, stupid! If people don't learn from this, and simply move on to the next shitty platform made by the next shitty capitalist enterprise, we're just going to prolong our own misery.
Totally agree. If everything goes the way spez wants he'll be out and retired within 3-5 years if not sooner