Yep, you can have a free ride on investor bucks for a while, but eventually any corporation is going to squeeze their users for profit, as profit was always their goal, not community-building.

Reddit’s CEO was then asked about concerns the social media platform had become too focused on generating profits. However, Huffman didn’t try to sugarcoat Reddit’s effort to generate revenue. “We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P [third-party] apps, we are not profitable,” he said(Opens in a new window).

The fediverse gives me some hope we can escape this cycle.