This is the key. Reddit owns nothing except a very poorly performant app that no one wants and a very forced and shitty web experience unless you are on old.reddit.com.

Its mind boggling how wrong they've been getting it for as long as they've been getting it wrong. Like how can any company/ CEO be that dense?

Doesn't Reddit own the data now? That's the unfortunate truth of these platforms. They offer your a platform and pay for hosting and you give them your attention and content.

Yes, this is true. However, the fact that reddit was where they got it means OpenAI capitalized on something that was given for free, and now reddit is trying to do the same and failing (because they have no value proposition).

It's sad that the place where all the users stored their data is getting burned down because it offered free access.

Exactly, when users start migrating, Reddit is dead in the water.

Not your keys, not your coins