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…

  • samus12345@lemmy.world
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    1 year ago

    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!

    • silverbax@lemmy.world
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      1 year ago

      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.

      • Vipsu@lemmy.world
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        1 year ago

        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.

        • samus12345@lemmy.world
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          1 year ago

          Same here because of a Lemmy post. Truly 2023 is the year of rapid enshittification for the large websites that have dominated the internet for the past decade or so.

          • rookie@lemmy.world
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            1 year ago

            Google right there alongside, going from useful results to sponsored ads and replacing the useful basic sections in their nav bar (i.e. “News”) to whatever random categories their algorithm thinks fit your query.

            Honestly, I’m worried that people will be put off by extra level of complexity but I really hope the fediverse takes off, this feels like the only part of the internet moving the right direction at the moment.

            • PoetSII@lemmy.world
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              1 year ago

              My 2¢

              Lemmy will never be ‘reddit’. The simple act of having to choose an instance (and taking the time to understand instances + how they interact with one another, something even I’m not crystal clear on) is not something your average Joe Schmo will be willing to spend the time on. Reddit, Facebook, Instagram, Tiktok, etc are all one massive endlessly scrolling feeds of ‘content’ whereas lemmy asks you to dedicate your account to one instance. You can make another account of course, but even the process of choosing an instance will be enough to stifle growth and keep lemmy smaller in the long run, in my estimation.

              Wether that’s a good or bad thing depends on how you view the internet and what you want from it, to me it’s a little of both because I bet I won’t see any of the niche communities I subbed to on reddit pop up here for a good long while (ex a community for the model of car I own, smaller videogames, hobby work, etc). But also it means that there will be less low-effort content - theoretically. You win some you lose some, I’m interested to see the state of both Reddit and Lemmy in a year from now.

              Also hey its my first comment ever