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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)

submitted 11 months ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] ahriboy@lemmy.dbzer0.com 30 points 11 months ago (2 children)

2024 is literally a year of leaving Reddit for Lemmy.

[–] tb_@lemmy.world 15 points 11 months ago* (last edited 11 months ago) (1 children)

Because 2023 wasn't?

To elaborate: what Reddit did this year wasn't enough for a (major) mass migration. I very much doubt even more ads will deter those that have stuck around so far. Perhaps there'll be a trickle, but I don't see anything happening like what was the case for Digg back in the day.

[–] spudwart@spudwart.com 10 points 11 months ago* (last edited 11 months ago)

This will trigger an enshittification cycle.

1. Underperformance per-quarter resulting in anti-user actions to increase profits.
1. Users leave because of anti-user actions.
1. Profits will decrease as users leave until the end of quarter.
1. Return to Step 1.

[–] GardeningSadhu@lemm.ee -1 points 11 months ago

i sure hope so, it's time for the next great migration!