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He says, in the FA, that the problem was that Reddit's prices kick in 1 month from now, but plenty of people have already pre-paid him for a year at the old pri
by mandevil 3y ago
He says, in the FA, that the problem was that Reddit's prices kick in 1 month from now, but plenty of people have already pre-paid him for a year at the old price. So he loses 50k the first month, then 10% of his user base re-ups at the new price and month 2 he only loses 45k, then another 10% renew and he only loses 40k in month 3... not really a sustainable way to run a business.
- stagger87 3y agoYea, I read that. I think that's a negative outlook. How many of those customers are sympathetic and would re-up at a new subscription rate? How many sympathetic new subscriptions could be generated? Refund current outstanding subs, and start a new sub, never take a hit. I mean, don't get me wrong, they can do whatever they want, it just doesn't seem like the dead end they make it.
- MostlyStable 3y agoYeah, especially when he says he'll be giving pro-rated refunds when it shuts down anyways, so it's not like he can't/won't do that. I'm honestly a bit baffled by both sides' behavior in this situation.