this post was submitted on 25 Jun 2023
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The Verge reacting to Reddit's spokesperson trying to discredit them (pixel.tchncs.de)
submitted 1 year ago* (last edited 1 year ago) by AlmightySnoo@lemmy.world to c/reddit@lemmy.ml
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[โ€“] memex@lemmy.world 41 points 1 year ago (10 children)

Can anyone explain to me, please, how is this good (financially) for the reddit investors? I mean, I ran from reddit since I only accessed it from sync. Didn't really care for the 'politics'. Now I get here and see there's a lot more to it than just the shut down of 3rd party apps (which I understood as a financial decision). If money's the motivation for all of this, how is it financially healthy?

[โ€“] PsychoticBananaSplit@lemmy.world 31 points 1 year ago

Reddit totally has the potential to compete with tiktok in the mindless scrolling for a much more massive audience.

They can consolidate all their users and better track their routines and serve them more mindless addicting content which advertisers love.

I expect there will be major changes to how the app works in a few months to the point it becomes completely unrecognisable. Kind of like how musical.ly turned into tiktok overnight

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