this post was submitted on 29 Jun 2023
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Those numbers hardly describe a "plunge". Much lower impact than I had hoped honestly
Except we can be sure that the entire drop is due to humans deciding Reddit is dead. How much of the remaining traffic are bots?
They're lining up an IPO. Anything suggesting that they can't maintain 5-10% real growth year after year (like other companies that investors could put their money) is truly damming. A sustained decrease in revenue, even a small one, is going to gut the IPO valuation.