[samstave]

This is precisely what they thought they were doing.

They are thinking that there is "money on the table" without their ability to monetize their traffic...

As opposed to thinking of reddit as a fucking internet UTILITY -- they are doing the same VC / MBA bullshit as every single other tech company.

[graypegg]

To be fair, there is a difference between a for-profit company that everyone thinks is a utility, and a public utility.

However, they’ve shot themselves in the foot. For generating more ad revenue here IMO. The sort of ill-will they’re creating will probably drive away the top-posters and moderators that make the site worth visiting.

Is ad space on a site that’s contracted by 1% of its users going to tank in value? No probably not. But is the 99% going to stick around when the content they came for is missing or not moderated? Ehhh…

https://en.m.wikipedia.org/wiki/1%25_rule