What are people’s thoughts on how Reddit is coming out of this so far? How bad have things been for Reddit? Do we know how much their traffic has dropped and would a drip in traffic even hurry them that much. Why don’t we see talk of a new blackout at the end of the month?
All I know is I’m reading this in a third party app called jerboa using an account in lemmy. Neither of which I’d even heard of a week ago.
Same here with both things. But actually I like it for now and really hope many people follow our path.
Wait 2 weeks, about 20-30% of reddit users use a third party application, 1 July most of them are going to wake up and find they can’t, that’s when the shoe will really drop.
I don’t think those numbers are accurate at all, so you have any stats to back that up?
My source is a post I saw on Reddit a few weeks ago but can’t find now. I give the reliability of those numbers a 6 out of 10 confidence rating.
Third party apps are about 10% of total Android downloads. It is also theorized that the 10% are more likely to be power users than the Reddit average. 20% seems on the upper bounds of what I’d expect.
This. I don’t think the exodus has peaked yet. Nothing really changed to make people turn away, those of us who already found our way here, did so in anticipation of change. But that’s not how people work, most people will only seek an alternative AFTER their default way of doing something has been taken from them.
The biggest wave is yet to come. (fediverse nodes plz no crash)
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Reddit Inc. itself lost really hard.
For Reddit Inc., the winning conditions are to get share prices up to the roof, so when the IPO happens the current shareholders leave with their pockets full of money. However, everything that is happening shows:
- That Reddit does not have multiple stable sources of income. The only main source of income will still be advertisement money.
- That advertisement money will run dry, as users are leaving the platform or outright boycotting it.
Both increase the risk and decrease the expected profit. Nobody is insane to invest in a company like this.
For the community it depends on your goals.
I count the situation as a big win; alternatives became more viable, Reddit as a platform will become less and less relevant, and the scummy company will lose lots of money.
If however you expected Reddit to play nice with its userbase (e.g. reverting API price changes), then count it as a loss.
I’m also struck by the incongruity that reddit makes something like 12c/user/month but their fair-actual-cost of the API calls needed to service that user are in the $2-3 range.
I suspect that’s a lie and that the API prices are profiteering, but that isn’t exactly inspiring me to invest in them :D
Honestly, at this point, it doesn’t matter to me. After ~12 years of Reddit, I was looking for an excuse to leave, and they finally gave me one. Even if the Fediverse is never as popular as Reddit, it’s already enough that I don’t feel the need to go back.
Reddit has come out worse, because why would I want to invest in Reddit?
