this post was submitted on 18 Jun 2023
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Not exactly. I think the advertisers will start to ask some uncomfortable questions, as will any inverstors for the IPO.
Reddit's CEO outright admitted that their own app was "never profitable", while also complaining third party's apps were making money from the same content.
If I was an investor, I'd absolutely want a good explanation for why Reddit isn't able to make their own app profitable, while other Reddit apps can do just that.
3rd party reddit apps aren't bogged down resource hogs meant solely to preload videos of "he gets us" propaganda. Do the investors even use the default reddit app? Of course not!
I started learning to use photoshop instead of braindeadly scrolling Reddit. It’s more peaceful and enjoyable.