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Well, new Reddit might easily mean better but also diffderent Reddit. Also, I am not sure whether people actually call it a new Reddit. Most of the time I heard the destription was a Reddit alternative which by definition doesn’t imply that it’s identical or even better in all ways.
This post is Meta.
On a serious note, can we appreciate Meta’s marketing team for the timing of this announcement. They waited for Twitter to bleed to kick it in the shins.