The people who don’t understand or care about whats going on will stay, and they will consume the influencer style content that is going to hang around and fill the void. Reddit wants profit, so its changing to a model where they have end to end control and stripping the 3rd party development and modification.
Hopefully the development community packs up and moves to the fediverse.
Absolutely, I agree. Whether or not it is good or successful, I reckon the owners will consider Reddit more marketable to advertisers in a couple of months. The ‘milquetoasting’ of Reddit has been going on for a long old time now but I think they’re close to their endgame.
Its pretty wild though that he claimed that reddit isnt profitable right now if they are indeed planning on an IPO in the near future.
I know the world has a short memory, but its a pretty bad claim for a CEO to make who wants to sell off the platform
Especially as the platform is actively losing members. Even if you bank on maintaining a large enough number, you’ve admitted the company wasn’t profitable even before it’s challenges. What chance is there of profitability this late into the game, if that’s the case!?
![From @[email protected] on the #RedditBlackout:](https://media.kbin.social/56/0d/560d2eadd688e780cd5638a9ce63c74480b022330df913939daef0622a5f1c25.png){kind=link}
Reddit isn’t going anywhere.
Its going to be a different environment though.
The people who don’t understand or care about whats going on will stay, and they will consume the influencer style content that is going to hang around and fill the void. Reddit wants profit, so its changing to a model where they have end to end control and stripping the 3rd party development and modification.
Hopefully the development community packs up and moves to the fediverse.
Reddit has just culled its nerd population.
@LChitman I’m sure this was intended to get rid of the users that aren’t easy to qualify into revenue.
@tchambers @mookman288 @DAVENP0RT @onceitbegins @nude
Absolutely, I agree. Whether or not it is good or successful, I reckon the owners will consider Reddit more marketable to advertisers in a couple of months. The ‘milquetoasting’ of Reddit has been going on for a long old time now but I think they’re close to their endgame.
Its pretty wild though that he claimed that reddit isnt profitable right now if they are indeed planning on an IPO in the near future.
I know the world has a short memory, but its a pretty bad claim for a CEO to make who wants to sell off the platform
Especially as the platform is actively losing members. Even if you bank on maintaining a large enough number, you’ve admitted the company wasn’t profitable even before it’s challenges. What chance is there of profitability this late into the game, if that’s the case!?