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If they hadn't blatantly tried to slander him personally and had given a reasonable price or timeline for the price changes, people wouldn't be nearly as upset.
by thefourthchime 3y ago
If they hadn't blatantly tried to slander him personally and had given a reasonable price or timeline for the price changes, people wouldn't be nearly as upset.
All of this has left a sour taste in their mouths. They also see the writing on the wall; they'll shut down old.reddit.com, push more ads via the official app, and continue to milk as much money as possible.
The claim that it's not profitable seems kind of crazy to me. They have a huge amount of data on their users to target ads. It's mostly text content so the bandwidth shouldn't be horrible. Maybe I'm naive, but how can Facebook make so much money and yet they can't make a profit? It smells like poor management to me.
- cm2012 3y agoI can answer your last question. Very few reddit users (as a % of the whole) actually subscribe to advertiser-valuable subreddits. Any targeted ads on Reddit have tiny tiny inventories. The rest of the ad inventory is more or less anonymous and gives very poor roi to spend ads against. That's why Reddit has a total revenue of like $100m vs $50b+ for facebook.
- thefourthchime 3y agoI appreciate that insight. Thank you.
- graeme 3y agoI mod a sub with high advertiser value. Just checked without ad block. Reddit it showing completely untargeted irrelevant ads to the userbase. Maybe they're doing some sophisticated tracking of users by interest and showing relevant ads there but somehow I doubt it.