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He's myopic. It's not like any of the third party clients were drowning in millions in profits. The CEO basically shut out his best content producers in one fel

by binkHN 3y ago

He's myopic. It's not like any of the third party clients were drowning in millions in profits. The CEO basically shut out his best content producers in one fell swoop. If you're already looking to a third party client for Reddit, clearly it's something you value and that's now been destroyed.

satvikpendem 3y ago
Reddit doesn't care about users who use third party apps, that's simply a fact. It doesn't matter if they are content producers as there are 500 million monthly active users on Reddit and once people either migrate to the official app (or quit, but I highly doubt that since people say they'll quit a lot of things but never actually do), they'll continue to churn out content.
- josephg 3y ago
  My prediction is it’ll be like the slow death of Facebook. Did Facebook users quit en masse after the Cambridge analytica scandal, or after The Social Dilemma? No, Facebook was still going strong. But it just doesn’t seem culturally relevant any more. People don’t seem to ask to be Facebook friends now. They ask for my insta or WhatsApp. (And meta buying both of those sites seems like an utterly genius move in retrospect.) I predict the same will happen with reddit. It’ll take awhile for new platforms to mature, and for the good content to leave. But I’d put money on it losing its cultural relevance over the next 5-10 years.
  - satvikpendem 3y ago
    Facebook has 3 billion monthly active users. It's not dead by any definition of the word. Even if you and I don't use it, many people around the planet do. It is simply that we are not in the target market anymore, but don't discount 3 billion people, that's around 30-40% of the world's population. Cultural relevancy doesn't matter as long as Facebook still has the install base to show ads to, which is how it makes its money, and why its stock is still one of the best performing in the business.
    - ben_w 3y ago
      To an extent. Although the stock price includes the performance of Instagram, doesn't it? But I count as one of those, and the only time I tap an ad is by accident. The ads are literally every 3rd slot (for me at least). What do the advertisers get out of this?
      - satvikpendem 3y ago
        Lots of users that are not you nor I click on ads. I should know, I used to run Instagram and Facebook ads for my product and my user acquisition cost on that was far lower than my average revenue per user. People absolutely click on ads and buy stuff.
      - doix 3y ago
        People do genuinely click on and buy things from ads. I've never done it, but I helped my personal trainer sell his workout programs online. I thought he was absolutely crazy and was going to waste a bunch of money. I was completely and utterly wrong. People were clicking ads and buying his workout plans. At that point I realized I'm completely out of touch with the majority of social media users.

by binkHN 3y ago

satvikpendem 3y ago

Reddit doesn't care about users who use third party apps, that's simply a fact. It doesn't matter if they are content producers as there are 500 million monthly active users on Reddit and once people either migrate to the official app (or quit, but I highly doubt that since people say they'll quit a lot of things but never actually do), they'll continue to churn out content.

josephg 3y ago
My prediction is it’ll be like the slow death of Facebook. Did Facebook users quit en masse after the Cambridge analytica scandal, or after The Social Dilemma? No, Facebook was still going strong. But it just doesn’t seem culturally relevant any more. People don’t seem to ask to be Facebook friends now. They ask for my insta or WhatsApp. (And meta buying both of those sites seems like an utterly genius move in retrospect.) I predict the same will happen with reddit. It’ll take awhile for new platforms to mature, and for the good content to leave. But I’d put money on it losing its cultural relevance over the next 5-10 years.
- satvikpendem 3y ago
  Facebook has 3 billion monthly active users. It's not dead by any definition of the word. Even if you and I don't use it, many people around the planet do. It is simply that we are not in the target market anymore, but don't discount 3 billion people, that's around 30-40% of the world's population. Cultural relevancy doesn't matter as long as Facebook still has the install base to show ads to, which is how it makes its money, and why its stock is still one of the best performing in the business.
  - ben_w 3y ago
    To an extent. Although the stock price includes the performance of Instagram, doesn't it? But I count as one of those, and the only time I tap an ad is by accident. The ads are literally every 3rd slot (for me at least). What do the advertisers get out of this?
    - satvikpendem 3y ago
      Lots of users that are not you nor I click on ads. I should know, I used to run Instagram and Facebook ads for my product and my user acquisition cost on that was far lower than my average revenue per user. People absolutely click on ads and buy stuff.
    - doix 3y ago
      People do genuinely click on and buy things from ads. I've never done it, but I helped my personal trainer sell his workout programs online. I thought he was absolutely crazy and was going to waste a bunch of money. I was completely and utterly wrong. People were clicking ads and buying his workout plans. At that point I realized I'm completely out of touch with the majority of social media users.