Reddit Sales Growth Slowdown Preceded Fight Over New API Fees
www.theinformation.com
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 ...

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 …

  • @ToastehEnglish
    18•2 years ago

    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.

    • @MercuryUprisingEnglish
      5•2 years ago

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

      • SparkingEnglish
        3•2 years ago

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