It would be foolish to think that Reddit the business won’t survive this. Let’s be real, they are going to keep thriving. They’ll likely follow the pattern of facebook or twitter - it doesn’t matter if they are profitable or not, but they are going to stick around regardless.

Now, I think that there is a reasonable argument to be made that Reddit the experience is dying. Many of the large mods and content creators were users of third party apps, and a lot of those folks are going to start drifting away now that Reddit is basically telling them to eat dirt. Reddit is going to slowly shift towards lower effort content, and I wouldn’t be surprised if a lot of posts start getting AI generated at some point