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

submitted 8 months ago by return2ozma@lemmy.world to c/technology@lemmy.world

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[–] ahriboy@lemmy.dbzer0.com 33 points 8 months ago (2 children)

2024 is literally a year of leaving Reddit for Lemmy.

[–] tb_@lemmy.world 24 points 8 months ago* (last edited 8 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 34 points 8 months ago* (last edited 8 months ago) (1 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.

[–] Mango@lemmy.world 7 points 8 months ago (1 children)

This sounds like accelerationism. 🤣

The thing is, I'm pretty sure you nailed it.

[–] spudwart@spudwart.com 8 points 8 months ago (1 children)

I mean it will help Lemmy. But It certainly will result in more EEE attempts on the fediverse.

[–] Mango@lemmy.world 1 points 8 months ago (1 children)

We just gotta make like Naruto when he's learning to hijack the kyuubi chakra for himself!

[–] ahriboy@lemmy.dbzer0.com 1 points 8 months ago

Smaller instance admins are ready for defederating big websites in the event of adopting ActivityPub. Bluesky server owners should have the power to filter out content and defederate from other servers.

[–] GardeningSadhu@lemm.ee 0 points 8 months ago

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