this post was submitted on 23 Jun 2023
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Reddit sales growth slowdown preceded fight over new API fees (www.theinformation.com)
submitted 2 years ago by L4s to c/technology
7 comments fedilink hide all child comments
 

A stark business reality faced Reddit before a user uprising engulfed its site this month: slowing sales growth. Reddit’s revenue rose 38% in 2022 to about $670 million last year, two people familiar with the matter said, faster than many other internet ad firms but a steep slowdown from the ...

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[–] Toasteh 18 points 2 years ago (1 children)

How is it these huge companies fail to realize that they had a killer year due to covid putting more people online? You aren't going to match it no matter what.

[–] MercuryUprising 5 points 2 years ago (1 children)

But what about if they use ai to create some ar for their vr set? Surely that will bring everyone back.

[–] [email protected] 3 points 2 years ago

That might not be enough, better mint it into an NFT and put it in a self driving car.