Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the ...

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[-] rainfern@lemmy.world 9 points 1 year ago

I mean sure, good news is always welcome, but if I'm bombarded by a website by cookie request, download the app AND fullscreen newslettersignup popups... I'm out. Jesus christ.

[-] Killer@lemmy.world 4 points 1 year ago

For real, it got to the point that it is literally unuseable in browser on mobile

[-] Toasteh@lemmy.world 3 points 1 year ago

How is it these huge companies fail to realize that they had a killer year due to covid putting more people online? You aren't going to match it no matter what.

[-] MercuryUprising@lemmy.world 1 points 1 year ago

But what about if they use ai to create some ar for their vr set? Surely that will bring everyone back.

this post was submitted on 23 Jun 2023

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