[remote_phone]

Reddit made a huge mistake taking VC money and trying to become billionaires. They could have maintained a smaller footprint and created essentially a lifestyle business like Craigslist and served the world.

Taking VC money and trying to extract more money from its users is going to change the site irrevocably.

And the biggest problem I have with Reddit is that the investors and employees are going to become rich off the backs of the moderators who are the ones that create the culture and the content for free. They get zilch except a thank you from the millionaires. And the mods are so dumb they don’t seem to realize this.

[CameronNemo]

Sadly Craigslist is a shadow of it's former self. OfferUp and Facebook Marketplace have far more listings in my experience (major metro in US, shopping for electronics and furniture).

[npteljes]

I mean, first it's a huge mistake, then the employees are rich? I think if they became rich, they haven't made a mistake. And the mods were volunteers to begin with. If they are fed up with Reddit, they'll just serve the world elsewhere.

You could say that it's shame that things like Reddit don't last, I mean in the form of not serving the interest of investors. It could be such a good place. But to me it seems like this is the conscious decision of the powers to be. And so, no mistakes at all.