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Reddit CEO (/u/spez) is going to hold a AMA about the API update
(www.reddit.com)
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I think it's a little more complicated than this: Reddit needs power users to make its ecosystem work. Mods of course, but also content creators and content, hem, reposters, who keep large communities active and interesting. If a significant enough fraction of these people give up on Reddit, the users who want funny memes will go get them from 9gag or wherever is most convenient for them.