• deweydecibel@lemmy.world
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      1 year ago

      Reddit, as a concept, can’t make more money without destroying it’s value. The more advertising is injected into it, the less useful it becomes, and the less people will want to use it.

      So yes, it’s up, but they’ve hurt themselves drastically to get it up by hurting so much of Reddit’s usefulness, and even then, they fell short. People who remained are already low on patience with it.

      To drive it even higher, they will have to cripple it even more.

      It’s possible to make money with Reddit while leaving it unmolested, but it’s not possible to make ALL the money that way. Investors want ALL the money.

      • Alto@kbin.social
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        1 year ago

        Yep, in the face of the infinite growth monster, anything other than exceeding expectations is seen as a failure

        • FaceDeer@kbin.social
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          1 year ago

          I still remember a line from a boss I had in one of my very first “real” jobs. “I expect you to exceed my expectations.”

          I didn’t bother pointing out the problem there. I also didn’t stay working for her for very long. :)