In honor of Spez’ stupidity.
Reddit’s value as a social media platform drops as it’s value to advertisers rises. The karma system is democratic, the userbase shapes the visual content on the site, that’s was makes it useful. The more mutilated it becomes in service of extracting money from advertising, the less genuine it is, and the less people will seek to use it.
Spez would like to believe Reddit is a cow that can be milked forever.
In reality Reddit is a pig that Spez seems to believe he can get bacon from forever. Except to get that bacon, you have to kill it, and you can only do that once.
Well shucks, all they did was drive out their most active content makers and cut themselves off from hundreds of thousands of dollars in free moderation labor. Who could possibly have seen this coming?
It’s kinda funny on Reddit, you would have had to pay for your picture comment. I’m happy to donate to lemmy, but putting features like this behind paywalls is silly.
You have to pay to post pics? When did that happen?
It was recent.
I’m going to have to trust you because I’m not going back there to check.
Cool, what does this mean, intelligently?
Does anyone know how far?
Reddit expects to finish this year with ad revenue … slightly over $800 million… Reddit had said two years ago it aimed to exceed $1 billion in ad revenue by 2023…
So they missed their two year goal by 20%. They had forecasted a 2.9x growth and achieved 2.3x
When it comes time to IPO, they’ll just blame the economy and ad blockers, while showing how many users they forced into their app where ad blocking is harder.
while showing how many users they forced into their app where ad blocking is harder.
Laughs in DNS-level blocking
harder not impossible
Anyone else posted this yet?
Looks like yours went up first lol, but as long as it’s up. 🫡
This reminds me… we need an “I’m sorry Garfield” community on Lemmy.
He took one for the community with spez, I’m surprised there isn’t one yet. Guess you can have the honors, TacoButtPlug.
Good
