this post was submitted on 07 Jun 2023
4 points (100.0% liked)
Technology
37551 readers
274 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's not necessarily that "not enough people" were paying for Reddit Gold, but that subscription models like that tend to be great for making a stable profit but not so great for line-go-up-forever endless growth, which is what shareholders always, always want. It doesn't matter to them if reddit is profitable if it's not even more profitable than last year.
Either way, yeah, the reddit users are the product and the free labor and not the customer.