Reddit reminds me of the fast-growing, but highly unprofitable IPOs in 2021.
  • UnderpantsWeevil@lemmy.worldEnglish
    11·
    10 months ago

    a good experience for their users isn’t their goal

    They are in tension with the more pressing goal of extracting revenue. But how do you extract revenue from a site that’s mostly just “user content” + “ads” in an era when ad revenue is plummeting?

    Maybe if they increase the prices on Reddit Gold?

    • Stovetop@lemmy.worldEnglish
      2·
      10 months ago

      They got rid of Reddit Gold and other awards. It’s now “super upvotes” or something to that effect.