Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.
Traffic in big subreddits dropped up to 30% whenever there was some news that another huge botfarm was busted.
Edit:
Or when Russia is busy starting a war. Completely natural pattern there. The screenshot is from 2022
Well and behind is is stealing other peoples’ work (posts and comments) and selling them as yours. The oldest capitalist criminal trick in the book: privatization AKA primitive accumulation AKA enclosure of the commons.
Of course they are having more users not just necessarily human users. Hope the advertisers get good value for what they spend /sarcasm
Well that’s too bad
Well looks like the great Reddit exodus wasn’t so great after all and Reddit more than made up for it. Financially at least, things are looking up for them. I kinda really wish it weren’t so… but at least some of us got to know Lemmy as a consequence.
Hard to say isn’t it? If 100 users join and 80 leave you assume they are up 20 users. If the number of bot accounts that joined was 30 of those, they actually lost 10 users, and advertisements are selling more ads to computers than people. Unless we can separate real accounts from fake ones… It’s all useless information
Doesn’t matter to reddit as long as the advertisers still pay them though
On the whole it’s gone way downhill since the API fiasco in my opinion. The only thing worth a damn on Reddit nowadays is that some specific communities are better than elsewhere (sports, mental health, niche hobbies) but only because discussion boards (php) have mostly died and Facebook somehow manages to even MORE toxic as far as racism, sexism, etc.
It’s depressing. At one time Reddit on the whole as an entity (not the company, the community) was very vibrant and amazing.
Was a Member since 2012… it all went downhill 2016 when 4Chan-Stormfront-Nazis “grew up” and moved over to reddit. Man I hope these people taste their own medicine better sooner than later.
Cool, I like it here more.
“Auster is the king of Mars!”
Source: myself
