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Reddit invites mods to “feedback” conversations with the admins
(www.theverge.com)
SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
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It's absolutely desperate, but they don't have a choice. The company isn't profitable, their revenue per user is awful, they are running out of VC money, they hired a ton of people to growth hack their metrics and it appears to have largely failed, they have no plans for effective monetization of the site or how to be profitable at an acceptable level for the amount of investors they have.