Reddit Migration

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Reddit revenue rises 20% ahead of IPO, but it isn’t profitable yet (www.businesstimes.com.sg)

submitted 9 months ago* (last edited 9 months ago) by CoffeeAddict@kbin.social to c/RedditMigration@kbin.social

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REDDIT posted a more than 20 per cent rise in revenue in 2023 versus the year before, sources familiar with the situation said, as it prepares for one of the United States’ most anticipated potential initial public offerings (IPOs).

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[–] wjrii@kbin.social 9 points 9 months ago

I still keep reddit as a read-only resource, and yes, plenty of people still use it. There are niche communities that I sure do wish could hit a critical mass on the threadiverse, and the archive of advice and (mostly) human reviews of stuff are helpful.

That said, either it's reddit or it's me, but any community that's even slightly large seems to have a lost a little thoughtfulness and vibrancy. The takes are more boring, the jokes more repetitive, and I run across others' "goodbye overwrites" a lot more often than I thought I would, and generally in places where it seems like the original posts were genuine attempts to be helpful. Reddit is not gone, but it is reduced, and must eventually fade into the west.