If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit. An IPO will put the spotlight on the prospects for Reddit’s advertising business, which has fallen short of ambitious growth targetsoutlined by executives two years ago. ...
Well shucks, all they did was drive out their most active content makers and cut themselves off from hundreds of thousands of dollars in free moderation labor. Who could possibly have seen this coming?
What I’ve noticed is it became way more toxic over there since the API changes
I still scurry over occasionally (a lot of communities didn’t move over) but not nearly as much as I used to
Same. It runs so badly now, and enough moderators left or cut back that it is not the same site it was at all. Some communities are still intact, but I’ve begun to see lemmy and even Mastodon results in searches alongside reddit. It’s going to take a while to see if reddit can recover (it’ll take some humility and leadership from the top which seems unlikely) or die slowly then all at once. Remember digg, etc? The internet is fickle and for every Facebook there are a hundred friendsters.
Ironically way more bot now
The only sub I still go there for is /r/zerocarb (a low carb diet sub), and that’s now mostly deleted comments and posts. With the moderation tools unavailable on mobile the mods have made automod very strict. Heaven help a person new to the diet, they’ll have a hard time asking their questions
I still occasionally browse the smaller subs when I need help on things like /r/unraid.
This became an instant classic lol, do we know who the artist is?
That was one of the reasons they killed the api: to support ad growth. Unfortunately they failed to realize the combination of ad-blocking browsers and users just quitting the site from losing client access means they were never going to hit pre-IPO revenue targets.
Had they instead focused on affordable API pricing and driving subscriber revenues up, they would have exceeded revenue targets.
source: I was in a somewhat similar position (not quite the same, no third party client), but chose different and found myself making more subscription revenue than ad revenue thanks to a viewer base more than happy to pay more.
Do you have any data to support that? My feeling is that not much changed after that. I feel like there is business as usual there. At least when I talk to my peers.
Subs I followed (and still rarely visit) became much harsher with moderation, to the point of being very difficult for new visitors to use; in a sub that is mostly for helping people adopt a very low carb diet
I feel like this was definitely the case in small subs where the main content generators were also mods. The ones who didn’t straight up leave became uncommitted. Places like Askreddit didn’t change, but smaller communities are pretty dead.
So much looks as deleted as /r/legaladvice was (is?) now
Some communities were unaffected. Some are still shut down. Some replaced mods who wouldn’t play by spez’s rules.
I’m not sure what the data would look like or how one would obtain it. Number of active moderators per day? Moderator satisfaction survey? Change in posting habits of top 1% posters?
I am speaking purely anecdotally from communities I know that shut down entirely and moderators who left. I have no way to estimate the scale of the exodus.
deleted by creator
Don’t be fooled. Most went back.
Quantity is not quality.
More important is originality…
Lots of people/bots would just take an existing post from Reddit, and repost it. Sometimes to a different sub, sometimes to the same sub.
For most users, it was still “new” because they hadn’t seen it before.
Those accounts are still reposting. There’s more than few that do it here too.
But that OC has been drastically cut down, there’s just a delay in users noticing that there’s fewer and fewer “new” reposts going around.
So reddit doesn’t see a huge decrease in users immediately, but time on site and daily users will continue to decrease
Is it, though? I left Reddit for here, so don’t take this as being in their defense, but if originality and ad revenue were meaningfully correlated, Facebook and Instagram would be bastions of original content.
Hell, some of the most profitable YouTubers only post reaction content.
That works in both directions. Don’t assume that the few that didn’t return are the ones that would have saved Reddit via incredible content.