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this post was submitted on 19 Jun 2023
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I hope more that it loses them profit rather than users. I suspect that they will lose users, but only users who weren’t going to drive profits anyway. The IPO is going to go ahead and the investors are going to have a field day while the website becomes terrible for the users.
Well, they're losing one advertiser - me. I was about to start an advertising campaign on Reddit when this all went down. Just pulled the plug on it. At this point, keeping my Reddit ad will be bad for business with my client base.
Not sure where I'll advertise instead, but definitely not there.
Sounds interesting, are you able to tell us what kind of thing you're advertising? Is it something small or is it like a company thing?
The problem is the free users are creating the content that profit generating users are consuming.
Without that content those users will leave for the next social media startup.