The beautiful thing is their valuation probably also went down
this post was submitted on 30 Jun 2023
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3rd party (so unreliable) numbers suggest they lost around 6% user engagement. I woukd guess that serving adds to all the people that switched from 3rd party to official apps probably made up for it in the short term.
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As always everything gets destroyed by greed.
I just enjoy a new beginning
Once upon a time, reddit was an open-source platform. Never again it has the same face when it decided to close the sources, then the UI changes, then the ads, then the API charges. All of those are for the profits of them, not of users'.
They don't even try hiding it, they are blatant and egregious about it. They are gonna just eng up chasing all their users away.