• noodle@feddit.uk
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    2 years ago

    They really thought that meme was appropriate.

    But here it is, being posted, so maybe it worked?

  • shoobie@lemmy.world
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    2 years ago

    u/Spez is following Elon’s playbook and it might start the downfall of Reddit

      • IMongoose@lemmy.world
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        2 years ago

        Tom from myspace did it right. Got a few hundred million and now just travels the world with his friends taking pictures.

        • JasonDJ@vlemmy.net
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          2 years ago

          What? I had Tom in my #1 spot the whole time (didn’t want drama over who was #1), and he never once asked me to go on vacation.

    • SwedishFool@lemmy.world
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      2 years ago

      Honestly sort of hope so, and I hope it’s swift. I really really wish for Spez to suffer as he has to explain to the shareholders how he has fumbled away all their invested money.

    • Hubi@feddit.de
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      2 years ago

      The downfall has already begun. The post quality has decreased severely over the last couple of weeks.

      • Redrum714@lemm.ee
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        2 years ago

        Hell for the past couple years the site has had a significant drop in quality.

      • Cyrus Draegur@lemm.ee
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        2 years ago

        I barely remember Digg ITSELF, but this still reminds me of how it FELT when Digg imploded and evacuated to Reddit.

        • zos_kia@lemmy.fmhy.ml
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          2 years ago

          Y’all need to stop retelling the Digg fable to each other lmao. It happened 15 years ago in a totally different landscape and there were maybe 2M users on Digg most of whom were power users. You think the normies from /r/pics or /r/AITA are gonna evacuate from reddit ?

      • Shotgun_Alice@lemmy.world
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        2 years ago

        I noticed this too, all of a sudden the subreddits that went dark or were relatively inactive all had like some sort of low tier post on the 31st or the 1st, I’m not sure which day TBH. I figured those were posts from scab mods that took over to see what activity of the subs were.

    • ethikal@lemmy.world
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      2 years ago

      Users leaving is one thing but making moderation harder? Yea I don’t think that’s going to work out

  • WindyRebel@lemmy.world
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    2 years ago

    Having tried to use Reddit advertising for business (a national company), it really wasn’t very good. They had very poor targeting and algorithms.

    • phoneymouse@lemmy.world
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      2 years ago

      I have a family member that runs their company digital advertising strategy. Said the same thing… and that it was hard to track conversions. They ended up pulling their ads.

      • Triumphant_Victor@lemmy.world
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        2 years ago

        I work in the digital advertising industry…reddit is pushing hard to grow it’s advertising business and are being helped by major players in the industry.

        I’ve been tracking it for a while, because I know it was foreshadowing the decline of reddit as I knew it

        • zos_kia@lemmy.fmhy.ml
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          2 years ago

          Plus they have this unique position of being able to serve niche ads right in the place where that niche happens. You don’t really need to be a genius to make that work, even if you have shit algorithms, the targetting is done for free by just selecting the right subreddits. It is one of the rare places where actually useful advertising could happen, that’s a market that’s currently being served by nobody.

      • WindyRebel@lemmy.world
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        2 years ago

        Yup. That was our experience too! My boss and I were both Redditors and we thought it would be cool.

        Narrator: It wasn’t.

    • andrew@radiation.party
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      2 years ago

      Reddit has attempted, multiple times, to reach out to Andrew Tate to partner with him on advertisements, including twice while he was imprisoned.

      I know this because their numbskull marketing folks can’t proofread the email address they’re sending outreach to, and I received the outreach emails as a result. Thanks, Reddit!

    • someguy3@lemmy.ca
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      2 years ago

      Given how they screwed up new.reddit and can’t make a decent app, this doesn’t surprise me.

    • ChrisLicht@lemm.ee
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      2 years ago

      I took a pitch from a Reddit ad sales rep in May, and he admitted to not really using the site.

  • maple@lemmy.world
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    2 years ago

    This is embarrassing.

    What a weak revenue stream. Imagine being a business, investing in a subreddit, only for the subreddit to be inundated by bots.

    Reddit is going the way of Twitter and it’s astounding to watch.

      • Thteven@lemmy.world
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        2 years ago

        When the surviving 3rd party app users hit their limit for API calls you will absolutely get this message and probably an option to upgrade for $$$ too.

        • XanXic@lemmy.world
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          2 years ago

          The Narhwal dev said this is how he’s approaching it. You get so many calls with a subscription and then have to top off with more if you hit it. So Prepaid mobile plans are coming to your favorite 3rd party apps for a website that’s free! People are desperate to give Reddit money even after all this.

          • Dark_Blade@lemmy.world
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            2 years ago

            Holy ducking shit! So you’re not just paying a sub to use Reddit, you’re paying rate limit charges as well?

          • Robaque@feddit.it
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            2 years ago

            Lol so spez found a (short term) way to get mods to not just work for free, but to pay him for the privilege of becoming his slaves! Truly genius.

  • Shotgun_Alice@lemmy.world
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    2 years ago

    I saw that on my few last days on Reddit. I was wondering about their rates b/c I was wondering what it would cost to take out an ad calling spez a complete twat.