*Reddit ceos plunge user engagement
My Frontpage has increasingly less churn since last week or so…
Just lovely
Reddit’s front page is just an echo-chamber of reactionary explosiveness without merit, simply for the sake of being reactionary.
I have a theory this stems from the Trump presidential run in 2018 where it saw many pro-trump posts reaching the front page, whether from shitposts or hacking or genuine interest, ever since it’s like every post is “You should be really pissed off about this thing! And if you’re not pissed off about it you are worse than Hitler!”
Remember Reddit before that? I mean it had gotten worse by 2018, but remember back in like 2011-2013 where communities were developing and you could count on the front page having genuinely interesting content? Where if something was reactionary, it was seldom and actually very important?
I really hope Lemmy can stay as close to that for as long as possible. I saw a post today complaining about the chicken industry on Meme, and it has me scared Lemmy is also on its way to devolving into Reddit.
Those numbers hardly describe a “plunge”. Much lower impact than I had hoped honestly
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.
I really doubt this will translate into a decrease in revenue, anyways. These numbers suggest very little sustained loss in traffic, and if that continues when the new API pricing kicks in they’ll probably come out ahead
These numbers suggest very little sustained loss in traffic
You’ll probably see a decent sized dip at the point where the changes go into effect. There are probably a lot of people using apps like Apollo until they can’t: once they can’t, certainly not everyone is just going to go install the inferior reddit app and start using it.
Also, it’s possible the relatively small drop will have more of an effect than might immediately be obvious. Social media sites like reddit, Twitter, etc aren’t really that profitable (when they’re profitable at all) — but people are willing to invest in them because they’re currently still experiencing growth. So in this case, growth has not only stopped, but reddit lost some ground.
