this post was submitted on 26 Dec 2023

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1576

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

submitted 11 months ago by [email protected] to c/[email protected]

383 comments fedilink hide all child comments

(page 2) 50 comments

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[–] [email protected] 43 points 11 months ago

Good. After killing all third party apps the site started to suck more.

[–] [email protected] 43 points 11 months ago

I’m doing my part! thanks ublock!

[–] [email protected] 39 points 11 months ago* (last edited 10 months ago) (6 children)

The users, and only users, need to be the shareholders. A bunch of useless venture capitalist parasites should never again be allowed to own and destroy our public spaces.

[–] [email protected] 36 points 11 months ago (3 children)

Then check out lemmy

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[–] [email protected] 36 points 11 months ago

Good. fuck'em.

[–] [email protected] 35 points 11 months ago (1 children)

Spez, self styled content king, screwed by own outsized ego and underwhelming intellect.

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[–] [email protected] 34 points 11 months ago (3 children)

Reddit is going to be a prime short opportunity on IPO.

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[–] [email protected] 33 points 11 months ago (2 children)

2024 is literally a year of leaving Reddit for Lemmy.

[–] [email protected] 24 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.

[–] [email protected] 33 points 11 months ago* (last edited 11 months ago) (4 children)

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.

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[–] [email protected] 31 points 11 months ago

Fuck Spez.

[–] [email protected] 30 points 11 months ago

oh no! anyways...

[–] [email protected] 29 points 11 months ago (7 children)

Anyone here use reddit only for porn?

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[–] [email protected] 29 points 11 months ago

I’d rather not even see that cunts face

[–] [email protected] 27 points 11 months ago

Mandatory Fuck Spez comment

[–] [email protected] 27 points 11 months ago

Will nobody think of the infinite growth!?

[–] [email protected] 26 points 11 months ago

Smoke a turd, spez. 😘

[–] [email protected] 26 points 11 months ago* (last edited 11 months ago)

that's what they get for perma-banning all their human users.

[–] [email protected] 25 points 11 months ago (2 children)

Since there's a paywall, I can't see the whole article but does this imply there was still positive ad growth and they just missed their goal or there was no or negative ad growth?