9mo ago

Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com

cross-posted from: https://sopuli.xyz/post/18583681

Technology @beehaw.org

alyaza [they/she] @beehaw.org

9mo ago

Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com /2024/10/29/24283056/reddit-earnings-user-growth-revenue-up

Reddit @lemmy.world

noodle (he/him) @lemm.ee

9mo ago

Reddit is profitable for the first time ever, with nearly 100 million daily users

www.theverge.com /2024/10/29/24283056/reddit-earnings-user-growth-revenue-up

17 comments

90 million of which are bots. If you can only make your company profitable by fraud and scamming advertisers, your company shouldn’t be in business.
- That's pretty generous to assume 10% of their users are human.
I spent ten years on Reddit. I can use that to compare for myself the amount of engagement then and now.
If most of the users are not bots I would be so surprised. I think they lost a huge percentage of traffic and are now knowingly faking live user counts
- I was on there for 15 and modded/started a pile of communities. I go back now for research and it's all bots and deleted comments. Maybe the default subs are full of real people but I doubt it. The very, very niche subs still seem to have people in them, but are nowhere as active as they used to be.
  I'm sure Reddit is gaming the investors. You can't trust lying Pigboy farther than you can kick him.
  
  I’m sure Reddit is gaming the investors
  I would like to believe actual laws are being broken, and one day certain people will go to jail. I am vindictive about that whole series of events. I liked Reddit before piggy and pals destroyed it
- I was there for 10 years myself and I fully agree. I think peak Reddit was during the age of the novelty accounts; it still felt new & fun, like you were a part of something no one knew about, even though everybody knew about it.
I’ve migrated from Reddit last year, and I can tell you that these results make me appreciate Lemmy even more.
It’s the same as Reddit but without any advertising 🥰
Now it would be nice to have nore communities outside of tech related ones.
- I am in between both platform's and honestly Reddit still is good source for me for almost anything, Lemmy users seems to be pretentious LINUX users who attacks me all the time when I say Linux is not useful, no variety of content ( of course that right I'll take time) but I can go through contet of Lemmy within half day at most bit reddit is vast. I do use only rdx so no ads for me, no replies from me. I totally agree with you on Lemmy that we need more communities and also simplification on how to access different federated worlds
  
  While you might feel (incorrectly, since you're using Lemmy right now) that open source operating systems and the associated software ecosystem might be useless for you personally, as a blanket statement this is remarkably silly.
  
  Yeah reddit is often appearing in my search results when I look for something and I don’t mind looking at Reddit posts that way, even if I’m not interacting anymore.
  It’s true that you have a lot of pretentious and non open minded people on Lemmy. Of course if you just say that Linux isn’t useful, I can’t blame them for telling you politely the contrary 😅
That is awesome.
The bigger they are the more they will tempted to become billionaires.
Their greed will make them inhospitable to people. Lemmy will be here when (not if) that happens
Reddit also grew to 97.2 million daily users over the past few months, marking a 47 percent increase from the same time last year.
This is for the quarter that covers July, August and September. Last year, the API fee kicked in on July 1, killing most third-party apps, and the quarter would have also included any lingering drop in users from June's protests. So, it's a big year-over-year increase in daily users but that's compared to what might not have been a very good quarter last year.
Only took the best of us to leave 🤣
My sister and her friends use Reddit now for things that they never did before.
I hate feeling like the things I called about (3rd party apps, my comments not being used in AI, etc) just don't matter for the majority of people, and Reddit is being rewarded monetarily for getting rid of people like me.
- Well yeah. Turns out you are not the average user. Don't mean that neither as a compliment nor an insult.
- Here's hoping spez gets hit by a truck
Well and behind it is stealing other peoples’ work (posts and comments, moderation and administration) and selling them as yours. The oldest capitalist criminal trick in the book: privatization AKA primitive accumulation AKA enclosure of the commons.

17 comments