So after Google literally paid Reddit for its content and then ranked them incredibly well in Google Search and its search features, Reddit during its earnings call blamed Google's search algorithm for not hitting its expected user growth.
anyone with a tenth of a percentage of business sense could tell you a business that produces nothing but eyeballs to advertisers will be a massive failure if said business does anything to piss the owners of said eyeballs off.
and experts are confused why traded-on-the-markets social media companies are in freefall.
Reddit sold access. For short term gains. Because the quarter needed more money to beat the previous quarter.
If this isn’t a leopard eating their face moment, I don’t know what is.
anyone with a tenth of a percentage of business sense could tell you a business that produces nothing but eyeballs to advertisers will be a massive failure if said business does anything to piss the owners of said eyeballs off.
and experts are confused why traded-on-the-markets social media companies are in freefall.
Except this isn’t 100% true.
There isn’t a single platform that has reduced the number of ads it serves.
Businesses have learned that the majority of users will take it.
All of those platforms have sources of revenue besides ads.
Capitalism will sell you the rope to hang it.