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Reddit invites mods to “feedback” conversations with the admins
(www.theverge.com)
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this post was submitted on 19 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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How does one monetise when the customer is also the content? They're in a pickle here.
Personally, I don't see it as all that difficult. The platform is an aggregator. They have falsely (naively?) overvalued their product. It's easy to make money by taking care of the community who creates their content, but the key is 'don't be greedy' and they can't help themselves.
The core issue of most US corporations is thst they're chasing impossible long term growth strategies to extract quick money. If they aimed for reasonable growth, people could join the company and plan to retire off their pension. Tech doesn't do that kind of 'old business bullshirt'
They have a 5 bil valuation. They vould lose 50% value and still be worth a lot. They are trying to trim the fat to make their conversation rates and ratios increase as to pump up their valuation for their IPO, then probably dip.