Reddit

Mature platform shifting value toward advertisers, mods as unpaid labor, and product changes that prioritize engagement over quality.

Extraction Stage 3

Surplus shifts toward business customers and shareholders; ads, fees, and degradation accelerate.

Old Reddit’s community scale is real; new Reddit’s interface and API drama show extraction: third-party clients curtailed, ads more prominent, and moderation burden pushed to volunteers. Still usable, but the surplus has clearly moved toward business customers and shareholders—classic stage 3.

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