this post was submitted on 27 Jun 2023
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Random YouTube comment on the whole Reddit situation that perfectly sums up my thoughts (lemmy.ml)
submitted 1 year ago* (last edited 1 year ago) by Huschke@lemmy.ml to c/reddit@lemmy.ml
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[–] psysok@lemmy.ml 4 points 1 year ago

I think they view it as ripping off the bandaid now before their IPO. They probably figured they would lose some single digit % of users that would recover over time, and now they will have full control over the experience with no 3rd party apps, which they will want in order to squeeze more money over time.