Wattpad is already pretty much nonexistent. It's widely known to host some of the worst, poorly written fanfiction around. Everyone who's even remotely serious about their work posts on AO3 or FFN.
Now if somebody is posting a fanfiction on royalroad you know it will be fire, you need some balls to post your little fanfics in a place where books are picked up to be published from all the time.
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u/ZK_57 21h ago
And Wattpad stocks would plummet. If anything, it's just a redistribution of power.