CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”
It’s called a “loss leader,” Steve.
Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.
90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium
I wonder how many of those reddit premium members have cancelled their subscriptions. I know I did. I had premium for years as it seemed like a good way to give a little bit back to a site I was using multiple times a day, every day. As soon as Spez started his bullshit I cancelled it and won’t be back.
It’s called a “loss leader,” Steve.
Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.
I wonder how many of those reddit premium members have cancelled their subscriptions. I know I did. I had premium for years as it seemed like a good way to give a little bit back to a site I was using multiple times a day, every day. As soon as Spez started his bullshit I cancelled it and won’t be back.
Same here. Cancelled the day the blackout started as sort of a personal statement. Not that I expect that statement to be heard by anyone.
I hear you.
And I hear you!
Same here. It’s the least I could do.
I did not cause I know they are monetizing “our” data. Just by participate you already contribute to the platform.
someone should have shown this graph to the dipshits in charge