Yeah, this. It often takes a lot to kill titans of any particular industry… and like it or not, the old tech bro sites like Reddit, Twitter etc. have grown too large to kill with a single arrow or a single trip of their own.

Instead their death often has to happen as a slow and gradual reforming of opinion. The most popular media sites have been thrown into chaos, and have lost most all of their goodwill (or what amount they may have had of it anyways) leaving them gasping for air. Facebook didn’t become “a place for old people” over night. It was a gradual thing.

Reddit will die off. Them locking the API behind a huge paywall will hurt them, not help them. VC’s have already lost a lot of faith in the tech industry including social media. They’ll have to find a way to make money… and I’m sorry to say, but if they couldn’t make money all this time, they probably won’t really ever be able to.

The age of high valuation with promises on return are gone.