Thousands of subreddits pledge to go dark after the Reddit CEO’s recent remarks
The same story it always is.<p>Reddit, like so many other places, believes it has a right to extract the value the community creates.<p>But it doesn&#x27;t.  It didn&#x27;t create the value, the community did.  It convinces itself it has a right to profit here, but it really created almost none of the value.<p>It is then surprised when it can&#x27;t just sit and extract value from the community without pushback.<p>This kind of value extraction only works (If at all), when the value being provided by the company is somewhere near that being provided by the community.<p>Then people are a little more willing to feel like you deserve something.<p>In reddit&#x27;s case, it&#x27;s very uneven.  Despite providing the website and bandwidth, Reddit feels to most of its community like a large scale freeloader, as funny as that may sound.<p>That sort of relationship eventually goes south, though it takes a while sometimes.<p>All of these places eventually discover that they are not the thing driving real value.<p>Those that are smart realize this early on, try to make as much as they can while they can, and diversify before it all goes to shit.<p>Reddit is not one of those.