If it's just the nerd audience I'll bet Reddit win without thinking. But it's more than that: they're ditching some mods who rely on 3rd party apps, and some users who stay on Reddit for NSFW content.
So yeah, I still think Reddit will be fine, but I'll be happy to be proven wrong.
I am genuinely curious how this is going to work going forward.
Because much as some folks here seem to believe, there IS actually more to reddit, reddit as it exists today, than just ad impression counts. I'm not some social media genius but the way that this being talked about by some people, who I guess haven't been a part of reddit over 17+ years, I am flabbergasted at how y'all think these things grow and thrive.
What's the market value of 9gag? iFunny?
Digg?
Reddit has grown and has thrived, now the company is prioritising turning on the money tap. They’re prepared to lose X users if it means they can monetise the remaining users by Y amount.
I’m not saying this as a defence, I’ve also been using Reddit for 15+ years and I’m disappointed by what I see. I’m just clear eyed about the game plan.
I guess I just find it baffling that people think that the site will have the same value it had today (to users and advertisers) if it is loses its soul. I don't even think I'm being idealistic. I've been through this before. Reddit is more than a view count, or else people wouldn't care they way we do. Did? Something.
In some sense, as a non-share holder who wants to see people build these communities in the open, I appreciate this approach.
It's a massive circle jerk and echo chamber of regurgitated opinions. So in other words: exactly like the rest of Reddit.
It can be also a massive circle jerk but if that's the only thing you can see from niche subreddits you are coming into this with a massive bias and ignoring the good parts, and these good parts are missing from most of the rest of the web.
I feel that your opinion is the same, just an attempt at a massive circle jerk about how terrible reddit is. It is, but it's also not and if you sincerely can't see how useful reddit is for a wide range of hobbies it's probably because you're a little myopic.
You can try to do a bottom-up estimate, but how much do you think it costs to moderate the (8th?) largest domain on earth? More or less than that? More or less than what Reddit's current operating income is?
A conversation is always at some level about voicing your opinion or showing something you've done or bought and basically ask for feedback/reactions.