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submitted 1 year ago by pH3ra@lemmy.ml to c/memes@lemmy.ml
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[-] Ertebolle@kbin.social 104 points 1 year ago

Yeah, but in exchange for a brief flurry of engagement they have to put up with another wave of articles about angry reddit user protests:

https://techcrunch.com/2023/07/20/redditors-are-already-using-r-place-to-address-api-controversy/

[-] FartSmarter@lemmy.world 103 points 1 year ago

“Oh no, anyways…”

Says the Reddit execs as they show off their numbers to VCs as they prepare for their IPO

[-] NevermindNoMind@lemmy.world 31 points 1 year ago

Investors care about the potential for future growth and thus future increased profits. They don't give a shit about what a company is doing today, except to the extent it is predictive of the future. Investors look at this and see lots of activity of users who actively hate the company, that's not future growth.

To take an unfortunate example, imagine if Bud Light had a bump in sales because a bunch of right wing lunatics were buying extra just so they could make videos of them throwing away, shooting, blowing up, or otherwise destroying the beer while vowing never to drink it again. Does an investor look at that bump in sales and say "oh neat, look how well Bud Light is doing, I should invest!" or do they say "A lot of Bud Light's core consumer base is pissed as hell and probably not going to be buying this product in the future, there is limited potential for future growth, I'm out"?

[-] graphite@lemmy.world 18 points 1 year ago

They don't give a shit about what a company is doing today, except to the extent it is predictive of the future. Investors look at this and see lots of activity of users who actively hate the company, that's not future growth

Yes. And if you look at Reddit today, it's still alive and full of buzz.

The third-party app userbase was a small percentage of the site.

Most people are indifferent and so they keep using it.

[-] shawnshitshow@sopuli.xyz 12 points 1 year ago

it is legit nothing but bots and reposts. there's more oc here on Lemmy in my experience

[-] VisualCicada@lemmy.ml 6 points 1 year ago

There are magnitudes more OC on Reddit than Lemmy just by nature of their user base size. There are bots and reposts, sure, but Lemmy pales in comparison to the amount of OC on Reddit

[-] graphite@lemmy.world 2 points 1 year ago

There's actually plenty of user activity there.

Enough to make the outrage negligble.

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this post was submitted on 20 Jul 2023
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