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Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave (www.techdirt.com)

submitted 1 year ago by [email protected] to c/[email protected]

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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…

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[–] [email protected] 49 points 1 year ago (38 children)

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!

[–] [email protected] 31 points 1 year ago* (last edited 1 year ago) (37 children)

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.

[–] [email protected] 25 points 1 year ago (35 children)

Just noticed today that Twitter requires one to log-in to read posts. It's like these two platforms are competing on which one can destroy their reputation first.

[–] [email protected] 2 points 1 year ago

Just noticed that today too, fucking bullshit.

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