First subreddit over 10M to go private. The message shown when trying to enter the sub is a quote from spez:
I think the problem Digg had is that it was a company that was built to be a company, and you could feel it in the product. The way you could criticize Reddit is that we weren’t a company – we were all heart and no head for a long time. So I think it’d be really hard for me and for the team to kill Reddit in that way. Steve Huffman, CEO of Reddit, April 2023
It’d be truly sad if this shareholder enshittification of Reddit is what guts it and leaves its corpse in a ditch, but it does seem to be the way most things are headed these days.