54
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

The landed gentry are only in charge until the king comes to town and chops off a few heads. At least that seems to be the case at Reddit, where CEO Steve Huffman pretended his complaints about current moderators — who were protesting his decision to effectively cut off API access to tons of useful…

you are viewing a single comment's thread
view the rest of the comments
[-] samus12345@lemmy.world 1 points 1 year ago

However, Similarweb told Gizmodo traffic to the ads.reddit.com portal, where advertisers can buy ads and measure their impact, has dipped. Before the first blackout began, the ads site averaged about 14,900 visits per day. Beginning on June 13, though, the ads site averaged about 11,800 visits per day, a 20% decrease.

For June 20 and 21, the most recent days for which Similarweb has estimates, the ads site got in the range of 7,500 to 9,000 visits, Carr explained, meaning that ad-buying traffic has continued to drop.

This is the only metric that matters to Reddit, so it's nice to see!

[-] silverbax@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

So they really are following Twitter's example. Twitter's lost 59% of ad revenue since Elon took over, now Reddit ad revenue is plummetting. It's stunning how stupid companies can be.

this post was submitted on 30 Jun 2023
54 points (95.0% liked)

Technology

59038 readers
3095 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 1 year ago
MODERATORS