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> Are advertisers leaving reddit? I can't speak to if they are leaving Reddit, but they are absolutely leaving other social media platforms such as Facebook as
by OminousWeapons 6y ago
> Are advertisers leaving reddit?
I can't speak to if they are leaving Reddit, but they are absolutely leaving other social media platforms such as Facebook as well as traditional media platforms for exactly this reason.
> Are people leaving reddit to a "nicer" platform?
I don't have this data at scale. Anecdata I have suggests that most people I know have been turned off by the sheer level of vitrol which appears on Reddit these days.
> What type of legal liabilities is reddit being subject to?
Regulatory risk in the form of being made responsible for user submitted content which they really don't want to be. If even a subset of hateful users go on to commit violence in the real world and it turns out that they fermented their ideology on Reddit and Reddit did nothing, it could renew calls by lawmakers to make site operators responsible for user submitted content. Such a regulatory change could potentially take down the entire business.
There is also a smaller, related business continuity risk from Reddit's providers. Look at what happened to 8chan. In response to 8chan not regulating hate speech, CloudFlare terminated their service and no US provider would touch them with a 10 foot pole. it took them 3 months and a total rebrand to get back up. While Reddit is a much larger entity, they are not immune to this risk.
Booting these users gives them plausible deniability at little cost and also allows them to make a stronger case to lawmakers if questioned.