They may not go full MySpace but I think the writing is on the wall. It may seem like it will have blown over in a few weeks but this is another step into the irrelevancy of Reddit. The VCs want their money back and Reddit has (I don’t think) ever been profitable. Reddit has to find a way to extract as much cash out of itself as possible and they will keep finding “better” ways to do it until Reddit will be a shell of what it once was.
They may not go full MySpace but I think the writing is on the wall. It may seem like it will have blown over in a few weeks but this is another step into the irrelevancy of Reddit. The VCs want their money back and Reddit has (I don’t think) ever been profitable. Reddit has to find a way to extract as much cash out of itself as possible and they will keep finding “better” ways to do it until Reddit will be a shell of what it once was.