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Look at Reddit. Who actually creates the value and produces the content? Users do. But who takes the money? The platform does, lol. Reddit controls the rails (the feed) and then optimizes all of it for ad performance and revenue. Meanwhile, the people spending real time writing posts, answering questions, and building communities get Karma and badges. Most of the time, no meaningful compensation. And after the IPO, it’s hard not to feel like this got more intense. More monetization pressure, more ad tooling, more “performance” focus while the actual content producers still aren’t sharing in the upside. I’m not sure how much longer Reddit will keep prevailing, but nothing lasts forever. Their dominance will end someday.

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