I joined reddit ~15 years ago and there was already a very large, active userbase. It’s not a young platform, and there have been multiple protests against them by their users, yet reddit is still very much alive. I don’t think the confidence from investors is unfounded. Pissing off their users has kind of proven that there isn’t a real competitor out there.
We’re in the minority of users who have actually gotten fed up with them to the point of finding an alternative. Most people will complain but still stick around and stay active on reddit. They get new users daily who don’t know reddit as anything other than what it is now. People generally don’t care.
As is, I don’t see them going out of business anytime soon. If they continue to make ridiculously idiotic business decisions they might, but that’s on-brand for them at this point.
I get that, but long term investors need to be confident that the user base will stick after continuing to erode the platform.
That’s the part I have no confidence in. Will they make money for the short term? Absolutely, and a lot of people will get rich. But in 5-10 years?
I joined reddit ~15 years ago and there was already a very large, active userbase. It’s not a young platform, and there have been multiple protests against them by their users, yet reddit is still very much alive. I don’t think the confidence from investors is unfounded. Pissing off their users has kind of proven that there isn’t a real competitor out there.
We’re in the minority of users who have actually gotten fed up with them to the point of finding an alternative. Most people will complain but still stick around and stay active on reddit. They get new users daily who don’t know reddit as anything other than what it is now. People generally don’t care.
As is, I don’t see them going out of business anytime soon. If they continue to make ridiculously idiotic business decisions they might, but that’s on-brand for them at this point.
I can see it going either way.