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.

  • mysoulishome@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    2 months ago

    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.

    • Zement@feddit.nl
      link
      fedilink
      arrow-up
      0
      ·
      2 months ago

      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.

  • Jure Repinc@lemmy.ml
    link
    fedilink
    English
    arrow-up
    0
    ·
    2 months ago

    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.

  • Abrinoxus@thelemmy.club
    link
    fedilink
    Svenska
    arrow-up
    0
    ·
    2 months ago

    Of course they are having more users not just necessarily human users. Hope the advertisers get good value for what they spend /sarcasm

  • AwkwardLookMonkeyPuppet@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    2 months ago

    I seriously doubt there are even half that many users these days. Go look at the posts and comments on the site now. They’re all pointless drivel, and obvious bot posts designed to get other bots and rubes to comment. Stuff like “What is your favorite color and why” makes it to the front of the homepage with a hundred thousand upvotes. I mean come on! How could that be actual people?

    • henfredemars@infosec.pub
      link
      fedilink
      English
      arrow-up
      0
      ·
      edit-2
      2 months ago

      I’ve been lurking that platform for over a decade and the quality has definitely gone downhill. The interactions with users are extremely inauthentic to the point where I suspect a large proportion of users aren’t even real people.

      Reddit‘s business model is selling advertising views. I doubt it matters to them whether those views come from real people or machines.

      The second aspect of their business model is selling content to train AI, which is basically free these days from AI zealots, but the data quality is garbage.

      They will train their bots on my shitposts!

      • AwkwardLookMonkeyPuppet@lemmy.world
        link
        fedilink
        English
        arrow-up
        0
        ·
        2 months ago

        In addition to the occasional inauthentic replies you get, most comments don’t get replies now. It’s all top level replies to the post, and nothing else. Nobody is interacting.

        • henfredemars@infosec.pub
          link
          fedilink
          English
          arrow-up
          0
          ·
          2 months ago

          I have an account over there and it just feels like things are being pumped up for the sake of pumping things up. I have a hard time accepting that this is sustainable for them.

          I haven’t had a good conversation on Reddit in years. Lemmy? Basically every day I see a thoughtful response from what feels like an actual human. It may not have the users but it definitely has the soul.

  • vxx@lemmy.world
    link
    fedilink
    arrow-up
    0
    ·
    edit-2
    2 months ago

    Traffic in big subreddits dropped up to 50% 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

  • gcheliotis@lemmy.world
    link
    fedilink
    arrow-up
    0
    ·
    2 months ago

    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.

    • LifeInMultipleChoice@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      0
      ·
      2 months ago

      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

        • shastaxc@lemm.ee
          link
          fedilink
          arrow-up
          0
          ·
          2 months ago

          It will matter to Reddit in rhe long run if advertisers notice they aren’t getting as many clicks on their ads from Reddit as their metrics say they should be getting and then pull their ads off the platform and/or sue Reddit for falsifying metrics.