1440
submitted 1 year ago* (last edited 1 year ago) by Ghostalmedia@lemmy.world to c/technology@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] BURN@lemmy.world 132 points 1 year ago

Ad revenue is down (at least) 50% and they just keep making decisions that kick people off their platform.

I’m pretty sure Twitter advertising and Reddit advertising are in a race to the bottom to see who’s going to have to pay companies to put ads on their site first.

It’s insane to watch this happen. I remember watching the rise of Twitter as a kid and it becoming ubiquitous with social media, only to see it crash down this quickly.

I’m speculating, but I’d guess a lot of functionality is being limited because they don’t have dev staff to maintain it, as well as trying to cut server costs as much as possible. I’d honestly be surprised if musk was making these decisions because he thinks it’s good for the health of the platform. There has to be some ulterior motive for it.

[-] deong@lemmy.world 103 points 1 year ago

It is unfathomable to me how Reddit isn't profitable.

Facebook makes a mint by telling advertisers, "trust us, we'll get your ads in front of people who might buy your product based on a lot of inference around their fairly generic profile data plus some tracking cookies". One guy should be able to sell a billion dollars worth of ads on Reddit. Just put up a form that says, "which subreddit do you want to advertise in?" and "what's your credit card number?". That's it. They have like 10,000 completely segmented markets just sitting there full of hundreds of millions of people who have self-selected to be members of those communities.

We spend hundreds of billions of dollars collectively trying to figure out which google search terms might find us a few more solid leads. Reddit has an amazing list of them for every company in the entire world. How in the everloving fuck have they managed to blindly bumble around for two decades without ever falling into the giant pile of money in front of them?

[-] Lydia_K@lemmy.world 21 points 1 year ago

Yes, yes fucking exactly, how is it not an automatic gold mine!? This vexes me as well.

[-] black_forest_gummies@lemmy.world 16 points 1 year ago

This theory requires them to have sufficient devs to implement a new feature. That also seems unlikely to me

[-] ikidd@lemmy.world 6 points 1 year ago

They have plenty of devs, but they're all the worst in their field. How else could they take a fully developed app and turn it into the dumpster fire itbos today?

[-] 4am@lemmy.world 2 points 1 year ago

It’s usually not the devs who make the decisions on what to implement; that only happens in the early days of a site when the owners are also the devs.

C-levels looking to make money are pulling the strings. The devs at any large site just have a list of user stories to burndown.

[-] outdated_belated@lemmy.sdf.org 1 points 1 year ago* (last edited 1 year ago)

Right. Never underestimate the absolute stupidity of hierarchies. (Corp bureaucracy in this case).  Stuff gets done just to make people look good based on who can tell the most convincing lie, not based, primarily at least, even on what would be good for the company as a whole.

 Devs, in most cases, are at the very bottom of this all, and therefore pretty much less responsible and have the least autonomy over what they do

[-] III@lemmy.world 4 points 1 year ago

Are you saying you can't find top-tier developers who are willing to work countless hours for no pay?... what now?

[-] toasteranimation@lemmy.world 5 points 1 year ago* (last edited 1 year ago)
[-] anlumo@feddit.de 5 points 1 year ago

It wasn’t cheaper than paying the contractual penalty, but if he had done that, it would have been his debt and not Twitter's.

[-] toasteranimation@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

error loading comment

[-] 4am@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

It’s funny how the biggest fuckups are happening to the platforms that critiqued the billionaire class the loudest.

Hmmm

this post was submitted on 16 Jul 2023
1440 points (100.0% liked)

Technology

60059 readers
3160 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS