It’s pretty easy to piss people off on Reddit. Less so to piss off seemingly everyone on the platform.

Still, Reddit’s management has succeeded in doing just that as it weathers protests over its decision to charge for access to its API. That ruling risks putting the company in a death spiral as users revolt, the most dedicated community caretakers quit, and the vibrant discussions move to other platforms.

The company’s changes to its data access policies effectively price out third-party developers who make mobile applications for browsing Reddit; two of the most popular options, Reddit Is Fun and Apollo, which together have over 41 million downloads, are both shutting down. After some initial backlash from users and disability advocates who said Reddit’s changes would adversely affect accessibility-focused apps aimed at people with dyslexia or vision impairments, Reddit said it would exempt those apps from the price hikes. Those apps also have far smaller user bases than Apollo or RIF.

Reddit’s plans—driven by an urge to make the company more profitable as it inches toward going public—sparked a protest across nearly 9,000 subreddits, where moderators of those communities switched their groups to private mode, preventing anyone from accessing them. Many of those subs remain inaccessible four days later, and their moderators say they plan to keep up the blackout indefinitely. (Disclosure: WIRED is a publication of Conde Nast, whose parent company, Advance Publications, has an ownership stake in Reddit.)

However unfazed Reddit execs appear to be, this subreddit seppuku sure does seem like a surefire way to sink the company. But does it really signal the death of Reddit?

“I can’t see it as anything but that,” says Rory Mir, an associate director of community organizing at the Electronic Frontier Foundation. (Earlier this week, Mir wrote about what Reddit got wrong.) “Like with Twitter, it’s not a big collapse when a social media website starts to die, but it is a slow attrition unless they change their course. The longer they stay in their position, the more loss of users and content they’re going to face.”

The unrest at Reddit is the latest in a string of social media upheavals that have seemingly pitted profit-hungry companies against their users. Platforms like Reddit, Twitter, or even Amazon that started operating at a loss in order to grow their user base eventually face pressures to further monetize their traffic. When a site sidelines the wants and needs of its users in the pursuit of profit, that leads to a downturn—and potential death of the platform—that author Cory Doctorow has termed “enshittification.”

“Any plan that involves endless and continuous growth is bound to run into scale issues, which is where I think Reddit and Twitter are running into problems,” Mir says. “You can’t inflate the balloon forever. It will pop at some point.”

Amy Bruckman is a regents’ professor and senior associate chair at Georgia Institute of Technology’s School of Interactive Computing. She has also contributed to WIRED and is a moderator of several subreddits, including the very popular r/science, which is restricted until Monday. Bruckman says this era of social media has been rife with sudden changes. “There was an extended period of years, maybe even a decade, where it felt like the way things are is the way they always will be,” she says. “And everything is suddenly shifted.”

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