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The blackout is starting to have a financial impact on Reddit, but we must stay dark! (www.adweek.com)
submitted 3 years ago by to c/lemmyworld@lemmy.world
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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,โ€ 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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[โ€“] 21 points 3 years ago (5 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.

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  • [โ€“] 10 points 3 years ago (4 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.

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  • [โ€“] 16 points 3 years ago (1 child)

    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!?!?"

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