this post was submitted on 20 Jun 2023
33 points (100.0% liked)

Reddit

13627 readers
1 users here now

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ryathal@sh.itjust.works 2 points 1 year ago

Both are probably true. Some more things that help those claims.

  • ad revenue per user is garbage on reddit, and forcing third party users into their app is a small number of users.
  • reddit is currently not profitable, likely because they hired a ton of people trying to get more growth that didn't happen.
  • reddit has no good ideas on how to effectively monetize the site, they also have no good concept of who is important for user engagement.