• FlumPHP
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      1911 months ago

      Reddit expects to finish this year with ad revenue … slightly over $800 million… Reddit had said two years ago it aimed to exceed $1 billion in ad revenue by 2023…

      So they missed their two year goal by 20%. They had forecasted a 2.9x growth and achieved 2.3x

      When it comes time to IPO, they’ll just blame the economy and ad blockers, while showing how many users they forced into their app where ad blocking is harder.

      • PorkSoda
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        1711 months ago

        while showing how many users they forced into their app where ad blocking is harder.

        Laughs in DNS-level blocking

        • FlumPHP
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          111 months ago

          Yeah. I use DNS-level blocking too, but it’s not something I can roll out to my non-technical family members. They understand turning off the browser extension if things don’t work, but not adding a DNS whitelist and then waiting / clearing DNS.

      • @[email protected]
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        511 months ago

        Thanks for the info. Can advertisers tell if it’s bots or not? I would think the new users are just them making stuff up.

        • CashewNut 🏴󠁢󠁥󠁧󠁿
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          11 months ago

          I still visit on my permabanned 15yo account. The number of repost bots is getting crazy. There’s bots mirroring videos now to trick repost detectors (seen 3 this evening). It’s getting so bad I rarely bother with reading comments now.

          Also it gets brigaded and ‘psyoped’ by outside actors so much. News and worldnews are IDF operations now with anyone saying anything uncontroversial like “babies shouldn’t be killed” getting banned for anti-Semitism.

      • @[email protected]
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        411 months ago

        I think this will make them enshittify the site even harder to squeeze more ad revenue out of it. Which could be a good thing for lemmy growth.

    • @[email protected]
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      111 months ago

      I bet the article would have more details but neither of us are going to read it so we may never know.