this post was submitted on 14 Jun 2023

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The blackout is starting to have a financial impact on Reddit, but we must stay dark! (www.adweek.com)

submitted 1 year ago by Jessica to c/lemmyworld

215 comments fedilink hide all child comments

If the performance weakness continues for a week or two, the agency would start recommending decreasing spend with Reddit or directing it to other platforms.

After the blackout, we will be closely monitoring user behavior on Reddit and guide clients when we can unpause,” said Freddy Dabaghi, managing director at Stagwell-backed Crispin Porter Bogusky, which has asked clients to stop campaigns, depending on their client goals.

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[–] [email protected] 51 points 1 year ago (1 children)

This is really nice, if the protests start to hurt their bottom line, they are going to be much more inclined to listen. I didn't expect these blackouts to do something.

[–] [email protected] 23 points 1 year ago (2 children)

Or even better, fire the MBAs who came up with the stupid idea in the first place

[–] [email protected] 24 points 1 year ago (1 children)

3rd-party devs recognized that paying for API access is reasonable, but they rightfully objected to the pricing.

The Internet is moving towards a subscription-based model, mimicking the one it opposed at the beginning. Or to put it more succinctly: app subscription are the new bills.

[–] [email protected] 12 points 1 year ago (2 children)

Guess I should have worded better. I actually like subscription-based membership if it means we remove advertisements and data collection/sales. I personally think spez is lying about reddit not being profitable. They are probably raking it in via ad sales and selling harvested data.

[–] [email protected] 18 points 1 year ago (1 children)

I think the internet at its best is when it's ad-free, not harvesting and selling user data, and free to use.

Wikipedia is one of the most successful projects on the internet, and it works exactly like that.

Hypothetically, I wouldn't be opposed to some kind of compensation model. But experience shows that as soon as you introduce a for-profit model, people in charge will eventually ask the question "hey, if this is making money, couldn't we squeeze much more money out of it!?!?"

[–] [email protected] 6 points 1 year ago

Oh I'm with you on that. I meant payments more just to pay staff salaries and for servers. Definitely 100% against profiting.

[–] [email protected] 6 points 1 year ago (1 children)

Even if it was true, the decision to host all images and videos themselves must have helped with that lol.

[–] PC509 8 points 1 year ago

Yea, and they really implemented that poorly, too. Reddit video has to be the worst video playback (when it does play back) on the internet since 1996...

[–] [email protected] 11 points 1 year ago

I don't think the idea is stupid, just poorly executed. From Reddir's POV, this makes sense (why wouldn't it?). They could have done this in a much better way.