this post was submitted on 10 Jun 2023
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Reddit's business model was not founded on selling LLM data. Reddit got greedy and decided to change their business model to cash in on an unexpected revenue stream. What was also unexpected (to Reddit) is that you cannot cater to social media users and monetize their data for LLM training effectively at the same time. And now Reddit will have neither, and will die just like all other businesses that adopt Enshitification as a core operating procedure.
Let this be a lesson to them and all that follow: do not let your greed make you blind to the consequences of your actions.
Does it matter what Reddit's business model was founded on? Businesses respond to changing conditions all the time and pivot.
"they got greedy" seems really a naive way of looking at it. They are a business, that's what businesses are all about. Additionally, they are a busienss which is NOT profitable, and need to to change things to survive now that the era of low interest rates has come to end. The real issue is that they are so inept IMHO
I find the word "entshittification" so cringe