Reddit Refugee

  • 0 Posts
  • 34 Comments
Joined 1 year ago
cake
Cake day: June 5th, 2023

help-circle



  • Downturns in quality always take a bit of time to have an effect. Sites coast on momentum. Sometimes it takes a user a while before they decide the site just isn’t as interesting as before. Sometimes a user might be optimistic that the quality will return and stick it out. Eventually, those user numbers will see a bigger dip.

    Of course, when it comes to corporations and finance, it seems all the power players ever care about are the short term. What gets them into next quarter. Most of them are going to be long gone and working on something else before the real damage kicks in.

    So, yeah, you’re right. All spez cares about are the numbers. But unless they can pivot this whole enshittification process, those numbers are likely to look different in a few years. Though that only matters if you actually care about Reddit and not just making as much money as quickly as possible.
















  • CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”

    It’s called a “loss leader,” Steve.

    Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.