Step 1: Announce very unpopular changes Step 2: Ignore backlash, go through with the plan Step 3: Predictably, lose users and advertisers Step 4: ??? Step 5: Why advertise on reddit?
Them: yes
Lemmy users: No
Which step is profit?
Underpants!
Ah fuck, back to the drawing board!
I wonder if advertisers have been leaving Reddit and if so, how many? I’ve honestly never seen a social media website/company ask for advertisers like this tbh.
I’m not a lot on social media to begin with, so I’m not sure.
Well few days ago their valuation by I think Fidelity got cut from 10b to 5.5b. That should tell you something
That was before the whole clown show. The valuation cut was dated May 31st
Even better.
Steve Huffman just following the footsteps of Elon Musk, during a recent interview Spez said he liked what Musk was doing with Twitter.
Twitter has lost 59% of their advertisement sales since Musk bought it.[1](https://www.nytimes.com/2023/06/05/technology/twitter-ad-sales-musk.html)
[1] ↩︎
Yay Poppin!
PoppinKREAM!!! In the fediverse!! Oh hell yeah!
I need context lol, who’s Poppincream?
Reddit User who would show up with cited sources debunking bullshit other people would ardently defend in lieu of educating themselves.
When Musk said he wanted twitter to be the town square he was clearly meaning a medieval town square with people throwing their chamber pots out the windows and the streets running with effluent and the wells tainted with cholera.
The cut was multi-staged and started middle of last year. The most recent cut was relatively small (10-15% iirc). As others have pointed out, that reduction doors not take into account the recent self-inflicted wounds.
It’s down almost 50% since they bought in in 2021 lmao
I’ve heard unsubstantiated claims that traffic to the advertiser portal has dropped ~40% since the protests started
I personally reached out to about a dozen advertisers, urging them to reconsider their marketing efforts on Reddit. After privatizing the subreddit I had moderated for 12 years, it seemed like the next logical step.
Damn that’s commitment, I respect the effort
You’re a good man, Charlie Brown.
That’s brilliant, props to you!
Great idea! I haven’t seen any others mentioning this in all the protest discussions I saw. Hopefully others did similarly, that seems like something that could really help.
I don’t see social media companies do this, I see billboard companies do this. On billboards that stay “please advertise on our billboard” for years.
There’s a difference though as a billboard is a physical spot that they are actively losing money on when not filled vs a random spot in your feed.
It’s still a spot that could be used by an actual ad. Of course, they have millions of those spots
Lol would love to see Lemmy ads on Reddit
We should crowdfund some Lemmy ads
To post on reddit? Wouldn’t that give reddit money? No thanks!
Also I’m note sure we want to grab more randoms on here 😁 I like the smaller intimate vibe.
NGL the random Sync for Lemmy that landed on my front page might as well have been an ad for Lemmy. I don’t even use Sync but it led me here.
Ah nice it’s already happening then, welcome aboard!
Maybe an ad instance that has to pay to federate with other instances?
Lol you know a website is running out of advertisement because they start promote their own website 😂 lol
It’s like that billboard in the middle of nowhere that ISN’T advertising lions den or pecan shops. Nobody is advertising here because nobody knows it exists!
A quote that always stuck with me was: “‘Your ad here’ signs are proof that the ad spot doesn’t work well, otherwise someone would have put their ad there.”
Somehow your comment reminded me of
C’mon now.
No reason to get personal
https://upload.wikimedia.org/wikipedia/commons/3/3d/Caution_Last_Burgerville_for_24,800_Miles.jpg
On that note, how do you post images inline?
is how I’ve been doing it.Testing yours:
Hope that helps.
That was scary. Thought Lemmy had ads already!!
I’m fine with ads. It costs money to run servers and build out the platform.
I’m not fine with the absolutely sleezy way spez handled the api changes and the ridiculous price. Utterly disrespectful to the mods, third party app devs, and Reddit users.
I’d rather we all pay a few bucks to not have lemmy get infested with ads.
Problem is that such isn’t a stable source of income.
Though I guess Wikipedia makes it work. So I dunno.
Just because things cost money doesn’t mean that ads are the best way to pay for them, or that we have to accept advertising as part of the process. I ABHOR advertising, but I don’t mind signing up to support someone on Patreon, like I’m doing with the developer of the instance I’m on.
Yeah. I just surprised I thought reddit put ads on lemmy 😂
I’m ok with ads if they’re not targeted or unethical/unpleasant
I love the lack of ads, but I suppose I could live with them as long as they were clearly distinguished from real user content. I hated those reddit ads that were from a reddit account and looked like just another post if you didn’t pay attention to the flair.
I honestly don’t even mind targeted ads, just sleezy ones. Targeted ads means I get ads for GPUs instead of health insurance.
What really annoys me is how many shitty off-the-mark ads I get from Google, despite the fact that they ought to know literally everything about me. LIke, if you’re going to massively invade my privacy, why aren’t you even using that information?
I’m ok with ads if they’re not targeted or unethical/unpleasant
I will leave the second it happens. Crazy.
Mmm, I get the ideological stance, but servers do cost money.
I suppose donations are an option but can’t imagine that being a stable source.
hi its me, Jimmy Wales I’m kindly requesting you to give $1.00 to lemmy
Please read: a personal appeal.
I though I’ve had left… and then spez tracked me down. Scary stuff indeed.
I though I’ve had left… and then spez tracked me down. Scary stuff indeed.
I though I’ve had left… and then spez tracked me down. Scary stuff indeed.
I logged in to reddit on my computer the day after rif went dark, and there were noticeably fewer posts on the front page. I think only 8 or so posts were above 10k upvotes. I wouldn’t be surprised if advertisers are pulling their ads in response.
deleted by creator
I always thought a scary amount of undetected “guerilla marketing” was invading Reddit. And I’m convinced bots were ginning up conversation in the comment sections of those Reddit posts. And bots were downvoting me when I cried manipulation. And all those voices I always hear were very against me.
And here I thought I was crazy.
deleted by creator
Same, some of it was pretty obvious. Also a ton of bots spreading propaganda.
Oh look here’s Friendly_Box3916 with a 2 month old account and a hot take on a political issue.
I didn’t and don’t expect Leddit to die a quick death or anything
Was the ‘Let it’ joke intentional, or a happy accident?
It was posted on lemmy that an account used chatcbt. It posted one of the “I can’t write that” things, along with things clearly written by AI.
Yeah reddit corporate was working hard to shut down and discredit the protests. I had a bare minimum of three comments deleted. No notice or explanation, I just happened to realize they were suddenly gone.
I’ve been wondering what is like over there, I hope it’s apocalyptic
Honestly? As another user noted, it’s just boring. Not nearly as much is getting posted, and the comments are reminiscent of the days when we’d scramble to write “FIRST” in the comment section. It doesn’t feel conversational, if that makes sense. Like people are talking at each other, not with them. Also lots of “lol nothing changed, why was everyone making such a big deal?” But then the front page is mostly politics, shitposting, and recycled ask reddit questions. Not a monumental change, but definitely lower in quality, imo.
Weird subs are dominating r/all. Bunch of guys shaving their heads, delivery drivers complaining, “am I hot” subs. Weird and boring, the soul is gone.
I kept reading of this so I went and had a look. It’s a bit worse than usual, and I saw the Doordarsh posts, but nothing else: this isnt a catastrophic end, it’s just continuing on its slow decline as it has already bean for a while now.
I wvisited to see what it’s like, but I didn’t log in. Pretty boring place, mostly links from like, CNN, The Guardian, etc. Different subs trending, often with very boring political opinion stuff and sports.
Advertisers may not notice a difference, sad to say. The people wso stayed are exactly the people they want.
Wait… Reddit has ads?
Hats off, that’s both an argument for the use of third party apps and for eliminating third party apps at the same time…
Reddit gold ran the platform. Going for profit killed the API.
Buy an ad for Lemmy. Edit: I seem to have clicked the wrong reply location. I don’t feel like deleting it though.
As all adblocking solutions, Yay from the user, Nay from the corporate.
We are just saving them money, imagine the amount of API calls for serving Ads to everyone /s
Ya. That is a large part (not the only reason) of why Huffman gambled and lost on killing 3rd party apps. People using Apollo, or any other app that wasn’t the trash official app, weren’t getting ads at all or were giving their ad dollars to a third party. By killing third party apps, that forces anyone who actually wants to use Reddit to use the official suck ass app or the garbage desktop site which also had alt options that used the API. When users are funneled into only using official Reddit products, that means they’re only consuming ads that Reddit makes a profit from.
I used Bacon Reader for almost ten years. It didn’t have ads for half a decade and when ads did come, it was a non intrusive banner ad at the bottom. The Reddit app is riddled with obstructive ads. So is the website unless using an ad blocker. Reddit when used the way the admins want, is just one ass blast of shitty ads.
🥓 for the win. 😢 tears shed. 🥓 was the best. I think my app store purchase was about 2014. I was on bacon for about 9 years I think.
Just opened the official reddit app. Saw one post. And, no joke the second post was “promoted”
As an ex-RiF user, and also desktop+uBlock, apparently yes.
Am I wrong in thinking this is sad as hell? Like seeing an old faded billboard with the same “your ad here!” text that’s been there for ages.
Sad, but I ain’t mad. This is the bed that Wish.com “Elon” made for Reddit
Great Value Elon!
Elon: 4 letters
Spez: 4 letters
Coincidence?
…
Almost definitely but still I love how comparing someone to Elon has become an insult so I’m having a good time anyway :3
It’s really sad for me to see a social media platform like reddit crumble. I spent years there.
I spent more time at Reddit then I did in the K-12 education system. I have a lot of good memories and learned a lot from both, but I have no desire to return to either.
I worked there once upon a time. This whole thing has felt like seeing an old friend succumb to addiction and wind up derelict.
It’s sad, but hard to feel bad for doing it to himself.
It’s like meeting your ex who has now become a homeless meth-addict.
I will never feel sorry for advertisers or the people who work with them.
:^)
That’s exactly what I said elsewhere in the thread. This is billboard company behavior.
Reddit is always hitting itself. Cause if they turn back the changes now, they’ll still have lost the trust of mods and users (it’s too late for it now, we’re past that point)
Yeo, sunken cost fallacy.
That’s pretty fucking pathetic. Reddit for business my hairy ass.
Jumping on here to advertise my hairy ass too
Well?? Tell us some of its merits at least.
- It’s more unique than any Reddit thread.
- Doesn’t need WiFi to function.
- Zero ads interrupting my day.
- Maintenance? Not needed.
- It’s always offline, but never off duty.
I saw that on my few last days on Reddit. I was wondering about their rates b/c I was wondering what it would cost to take out an ad calling spez a complete twat.
I hope my username irks him continuously
Somebody on here snagged the username “spez” and that brings me great joy as well
Please do it 🤣
I keep seeing this as well. Probably the most frequent ad I’ve seen.
They really thought that meme was appropriate.
But here it is, being posted, so maybe it worked?
Sure more people know about it. Does it make people do what they want? That’s another question.
Yesn’t
