They’ve also benefitted enormously themselves from public domain and expired or pre-copyright works like traditional folk tales etc. exploiting them and their timeless appeal for huge profits, then mired and viciously defended those derivative works with copyrights and trademarks, and refused to allow their own works’ copyright to expire. Take take take, never giving back.
He's had money thrown at him from VCs, thousands of people generating content, and administering content for free, sitting on a goldmine of data and goodwill and Community spirit, and he's managed to lose money, burn bridges, and fuck up the whole deal all for thppe sake of chasing a few dollars of API revenue and a bruised ego. All while others make millions and gain significant community support using the exact same data with business models he could have just copied or shared in.
He's had every opportunity. He's fucked it up at every step.
Fair point. And yes, there's just so many ways he could have made money from third party apps and their users without trashing them. The AI explanation just didn't make any sense to me at all.
A business brain would have followed the money. He's just following half-witted ideas/ego. I don't think he really realises or understands what he had.
Best case scenario for reddit, I think, would be for its IPO to fail, spez and investors call it quits, and it eventually ends up maintained by a not-for-profit foundation in the way that, say, Wikipedia or Blender is.
Either that or it dies, its database published or scraped, and ends up accessible through archive.org or something similar.