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I agree - if you take some time to really customize your subscriptions and interface options (read: ditch the new interface immediately for the classic one), reddit can be a very powerful 'dashboard for your interests' unlike most other sites.

I guess the questions is if they can keep it that way and also monetize.

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Yeah. The niche communities are really what keep me coming back. For example, r/fermentation is a fantastic community of people who make all different kinds of fermented foods and is a great place to go for advice or recipes. But the main subreddits? Useless

The niche subs are on the right-hand side of the bell curve's tail.

The main subs are in the thick middle of the curve.

Same problem as with literally everything else in life.

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