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 …

  • rainfern@lemmy.worldEnglish
    7·
    2 years ago

    I mean sure, good news is always welcome, but if I’m bombarded by a website by cookie request, download the app AND fullscreen newslettersignup popups… I’m out. Jesus christ.

    • Killer@lemmy.worldEnglish
      1·
      2 years ago

      For real, it got to the point that it is literally unuseable in browser on mobile

  • Toasteh@lemmy.worldEnglish
    3·
    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.