Reddit's Active U.S. Users Took a Dip, the last time Reddit will report
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Article from August of this year (not too cancerous once you get through the first two splash screens).
Reddit shares DROPPED despite increase revenue. Why? Objective signs of enshittification:
- declining active user base
- massive increases in revenue.
People are leaving so the ones that remain must be more heavily monetized, which leads to more people leaving--the enshittification death spiral.
Reddit will no longer be reporting logged-in users as a separate metric lol
Reddit’s U.S. User Decline Raises a Bigger Question After Its Earnings Beat
Reddit stock fell 22% despite beating Q2 earnings estimates, as flat U.S. logged-in user growth overshadowed strong revenue gains and rising per-user monetization.
MarketBeat (www.marketbeat.com)
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Article from August of this year (not too cancerous once you get through the first two splash screens).
Reddit shares DROPPED despite increase revenue. Why? Objective signs of enshittification:
- declining active user base
- massive increases in revenue.
People are leaving so the ones that remain must be more heavily monetized, which leads to more people leaving--the enshittification death spiral.
Reddit will no longer be reporting logged-in users as a separate metric lol
Reddit’s U.S. User Decline Raises a Bigger Question After Its Earnings Beat
Reddit stock fell 22% despite beating Q2 earnings estimates, as flat U.S. logged-in user growth overshadowed strong revenue gains and rising per-user monetization.
MarketBeat (www.marketbeat.com)
Reddit disables...
- APIs that many popular apps use to help users view Reddit and for users that hate the new interface
- disables .compact and .mobile views which pockets of users like that hate the new interface
- bans users on VPN
- forces "old.reddit" to require a login which alienates users that hate the new interface
Reddit: "Why are people leaving?"
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Reddit disables...
- APIs that many popular apps use to help users view Reddit and for users that hate the new interface
- disables .compact and .mobile views which pockets of users like that hate the new interface
- bans users on VPN
- forces "old.reddit" to require a login which alienates users that hate the new interface
Reddit: "Why are people leaving?"
And most recently: blocks even read access without a login (sporadic).
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Reddit disables...
- APIs that many popular apps use to help users view Reddit and for users that hate the new interface
- disables .compact and .mobile views which pockets of users like that hate the new interface
- bans users on VPN
- forces "old.reddit" to require a login which alienates users that hate the new interface
Reddit: "Why are people leaving?"
I bet they will go log in only next and really kill their product. The draw of reddit, for me anyway, is that it's anonymous.
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I bet they will go log in only next and really kill their product. The draw of reddit, for me anyway, is that it's anonymous.
Agreed. Don't know why reddit corp doesn't understand this.
"Everyone that was young, left. The changes kept coming in without asking their users what they wanted. They should have held focus groups or product testing. I think when you focus on the money, you lose sight of where you’re going."
Seems like apt critcism, eh? Except that quote isn't from an article on Reddit, its about Facebook. What confuses me most about Reddit corp's restrictions over the past couple of years is we already have a walled garden social media that requires login to consume. Its called Facebook, and audiences are leaving that one even faster. Why would Reddit look at that declining user base and say "yes, thats what we want"?
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Reddit disables...
- APIs that many popular apps use to help users view Reddit and for users that hate the new interface
- disables .compact and .mobile views which pockets of users like that hate the new interface
- bans users on VPN
- forces "old.reddit" to require a login which alienates users that hate the new interface
Reddit: "Why are people leaving?"
The old reddit login part was my last straw.
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