this post was submitted on 30 Jun 2023
319 points (100.0% liked)
Reddit Migration
16 readers
2 users here now
### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I doubt it is related to migration. It is too soon to have any data on that affect and by numbers it is not much of affect either. The only cost factor of migration that can be done before next quarter release would be increased costs in future dur to moderation, but even that would be very subjective. This is probably due to increased interest rate scenario as feds have said they will bring inflation to 2% so there will be more increase. Hence lowering of cost and spend by companies on advertising and marketing.
It's not related to the migration. The article said the lower valuation is as of May 31, before all the backlash on reddit began.