The problem isn't that no one can create a Reddit clone, the problem is that no one can scale like Reddit and do it at continuous loss just to be dominant
The problem with reddit clones is that every single freaking one I've seen featured on HN over the past few days has absolutely no idea of what it takes to run a proper social media platform. We abandoned tagging-as-categories two generations back. Active moderators are always better than hivemind moderation. They're so hellbent on trying to find a use case for monetizing their halfassed "build reddit in 24 hours" clones that they don't actually think about how to make the user experience better. Why the hell is the one guy working on a disbursement algorithm when his UI looks like shit and his site is unnavigable? Because he's a hobbyist, not an entrepreneur.
They also went from 700 employees to 2000 employees because they took VC money and have to grow grow grow. I'm sure one could make a sustainable business out of Reddit but nobody wants just a sustainable business.
Right now a large portion of Reddit is willing to jump the ship at all cost. You can't design for such events, i agree, but if you had a perfect reddit clone right now - people would flock even if there was no content. This is a digg moment. The problem is scaling up when there's demand, because people don't like lag and a half loaded tab. No one is stepping up as a Reddit successor because everyone know they have no pockets to scale to Reddit scale
The network effect comes from building actual networks. We don't need a reddit clone, we need good old-fashioned forums/bulletin boards that also interoperate via Fediverse standards. This solves the scalability issue, because individual instances would stay small, and would choose whether to accept "guest" interactions from users of other instances.
> The problem isn't that no one can create a Reddit clone, the problem is that no one can scale like Reddit and do it at continuous loss just to be dominant
Well, anyone with enough money to burn can, but most who could probably can find other, better ways to burn the money.