The outcome was predicted by plenty users in this community, but now the news are noticing it.
Sadly a lot of the good content will be lost, regardless of migration or encouraging users to take it off the site. Eventually someone in Reddit Inc. will have the “bright” idea to wipe everything out, to reduce spendings on data storage.
A very very very heartily disagree. Their entire business model now is selling that information, they aren’t going to get rid of it EVER.
In the short term it goes as you say, they’re selling API access to the LLM bubble. (And they’re likely selling your data too, against your consent.)
However in the long term the LLM bubble will explode, and users will disengage with the site, causing a downwards spiral. At some point of that spiral they’ll delete the data, after it’s unprofitable. I think.
Reddit hosts hardly any content. It’s a link aggregator.
All the text content, all votes, posts, comments, etc. probably only fill a few TB. The video and image hosting part is a bit later, but arguably not huge either. Given the salaries in the valley, just having a meeting with 10 people about deletion is probably more expensive than storage for the next 5 years.