Comment on Reddit’s 50% Plunge Fails to Entice Dip Buyers as Growth Slows.

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UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨week⁩ ago

It’s not even about banning people, it’s about the fact that Reddit was never a sustainable business model from the start, at least not in the traditional capitalist sense where you’re actively trying to make a profit to please shareholders

If they’d been stalwart about banning automation and keeping original, legit human content pure, they probably could have used it as a fountain of fresh data for AI, for polling, for engagement farming, and for promotion.

The site was still growing even despite the admin induced atrophy. But they just couldn’t resist killing the Golden Goose.

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