this post was submitted on 30 Jun 2023
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Well, as other people have said, it looks like they were preparing to sell Reddit, or take it public, or whatever, and they wanted to make it look as profitable and purchaseable as possible.
The end result is the same, but the reasoning is a bit different.
Anyhow, if that's true, I dare say they've achieved the opposite result now.
Spez explicitly said in his AMA that third party apps were profitable while reddit wasn't.
So, shall we start calling this 'the Reddit Effect?' We haven't had anything new to supplant the Streisand Effect for awhile, I feel like something like this is overdue
Might be the digg effect ;)