this post was submitted on 07 Jun 2023
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Technology
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I have a sinking feeling that these moves are not about money, but more about power and manipulation. If you squeeze these user bases such that the savviest users are forced out, those more likely to ask "Why?" about damn near anything, you will own access to a group of people that can be influenced to think/do/buy whatever the top management and/or majority shareholders want. If you lose a few million users, what does it matter if they were dissidents to your goals?
You've hit a nail on its head with that analysis. It was never about money when musk bought Twitter, it was about controlling the flow of information and fragmenting any rebellion. Same goes for Reddit, it's not about profitablity, it's about consolidating control over the platform.