Hosting at scale, content moderation (just the bare minimum to remain legal in various jurisdictions), plus all the internal bureaucracy that is involved in employing more than just yourself or a handful of people (complying with government regulations and paperwork for employee training, salaries, benefits) are all things that Apolloapp is not.
Getting a bunch of people to agree to not use reddit for two days (or longer) is a hell of a lot easier than getting that same number of people to agree to support Apolloapp as the New Reddit.
Link aggregators/social networks cannot generate VC expected returns without dying in the process.
This death cycle of social networks has repeated itself in silicon valley for decades.
At this point doing VC investment into social networks is like a game of hot potato. Who gets to exit first before the social network self destructs
Either way, there are other ways to both raise and make money.
Decentralized solutions don't scale.
I've never used it and don't know anyone that has. I read a stat yesterday that only about 5% of Reddit traffic comes from 3rd party apps (might be incorrect) so I'm curious what impact it has beyond just a client for reddit. (I'm vaguely aware of some moderation tools that Apollo has.)
Correction: I did a quick check, and around 40% went dark according to this source, so not quite the 'almost 50%' that I proclaimed: https://twitter.com/aakashg0/status/1668107416490192897
This is the loud minority fallacy. I foresee less than 1% of the community actually willing to leave reddit. Spaz knows this. They are just really noisy, but not so many people care about the third party apps.