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I. I just don’t understand why they’re even doing this… they’re shooting themselves in the foot over and over, except they’re on a boat and every time it makes extra holes and the ship sinks faster. Everyone else is jumping ship and the ones staying either don’t know they’re sinking or don’t know where to go, or they’re bots.
What blows my mind is I think they would have been moderately successful if they just said you need to have Premium to be able to use third party apps. I used Reddit for HOURS a day. Honestly it was bad. I wouldn’t have liked it but I probably could have justified to myself paying a small fee per month to be able to continue using Apollo if they had played their cards right. Instead I haven’t been back since before the blackout. 🤷🏻♀️ I should thank spez for cutting my addiction cold turkey.
Louis Rossmann had a perspective that I'm starting to come around to.
Spez is just pissed. That's it. He's mad that he got shown up, and is actively punishing people for it. There's no logic or business behind it.
Actually, I subscribe to the theory that Spez & Musk don't care about losing money, because they are being paid under the table more than they're losing by far right dark money to destroy Twitter & Reddit. Both sites were pretty left leaning before the crap hit the fan, and the right are trying purge all liberals from them. I know it seems pretty "tin foil hat"-ish, but it also makes perfect sense when you look at how they've done everything they can to run the sites into the ground.
Startup/ IPO valuations are, nowadays, based on profit per user, rather than daily active users. (Or, at least, skewed much more towards the former).
So, they (comparatively) DGAF if they get rid of 90% of their users if the 10% they do keep click on a shit ton of ads, or buy useless shit, or whatever.
Related: enshittification