I still can’t get over the fact that the CEO said that reddit is not profitable right before he plans to make the company public. Who is going to invest in a company that isn’t turning a profit after almost 2 decades??
Look how shit Facebook is and it makes money. People that are happy to be spammed with ads while they scroll through low effort crap and influencer garbage sadly greatly outnumber everyone else. It’s why profit seeking in social media always spoils everything.
Facebook can make so much from ads because they can be targeted to a scary degree because of the ocean of personal information Facebook collects.
Reddit doesnt even hold a candle to it when it comes to ad targeting. And their site and userbase is just not built around gathering personal information. Most people are either anonymous or pseudonymous.
It’s almost like loudly announcing contempt for your userbase is not good for a website where virtually 100% of their value is derived from the loyalty of their users
I doubt it is related to migration. It is too soon to have any data on that affect and by numbers it is not much of affect either. The only cost factor of migration that can be done before next quarter release would be increased costs in future dur to moderation, but even that would be very subjective. This is probably due to increased interest rate scenario as feds have said they will bring inflation to 2% so there will be more increase. Hence lowering of cost and spend by companies on advertising and marketing.
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