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The internet is worse than it used to be. How did we get here, and can we go back?
(theconversation.com)
This is a most excellent place for technology news and articles.
Indeed, Reddit was a great example of this. All of the stupid things they tried to pull off in the past few years (selling user data, turning off the API, insulting their users, VPN blocking, to name a few) would have not worked when they were a growing website. Now that they have so many low quality users, they can do that successfully because they know that said users are too dumb to realize how they're being abused. Even larger websites like Twitter and Facebook operate this way.
The takeaway here is: don't focus on having many users, focus on having good users. All relationships are a two-way street, and if you're on the side of the street with too many people, you don't have any personal leverage on your own. It's in your best interests to get out of that relationship.