this post was submitted on 01 Jul 2023
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Reddit Was Fun

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Memorial to "rif is fun for Reddit" Android app, aka "reddit is fun", shut down after June 30, 2023

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Do you think reddit will survive this? (self.redditwasfun)
submitted 1 year ago by Tandybaum to c/redditwasfun
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Will they go the way of MySpace or will this truly blow over in a few week?

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[–] lennybird 2 points 1 year ago

Fair comment, thanks. I guess I read too many articles recently, detailing their declining valuation and that their value was artificially inflated somewhat by bandwagoning investors - - but that's not quite the same.

As you point out, it seems they're just grossly inefficient with what are pretty large existing revenue streams (ads, reddit premium).