Also why did reddit go from just hosting text to hosting images and videos? It used to be a link aggregation site now it’s a never leave our borders site
The idea is to keep the users on Reddit instead of directing them to third-party sites, so they can show them ads instead of the third-party sites getting all the ad revenue. They just haven’t figured out how to monetize it.
It’s costing them a lot of money to do that. Old reddit must have been a lot cheaper. I don’t get the walled garden approach for a link aggregation site. It’s obvious spez is going to sell it for a shit ton of money then bounce because it’s a money pit. So was Twitter they lucked out with Elon being dumb enough to buy it for that insane price tag.
Set up the garden’s walls so you can profit off the users when “eventually” figure out how to monetize them? Sending people to third party sites means you can’t show them ads even in principle, but the cost of hosting seems like it would quickly outstrip whatever extra revenue you could get. Corporations are legally required to increase in value forever, so it’s literally illegal to make “enough money” when there’s a chance for “all the money”, even if pursuing that chance actually hurts long-term viability (which stockholders don’t care about because they can always cash out).
The idea is to keep the users on Reddit instead of directing them to third-party sites, so they can show them ads instead of the third-party sites getting all the ad revenue. They just haven’t figured out how to monetize it.
It’s costing them a lot of money to do that. Old reddit must have been a lot cheaper. I don’t get the walled garden approach for a link aggregation site. It’s obvious spez is going to sell it for a shit ton of money then bounce because it’s a money pit. So was Twitter they lucked out with Elon being dumb enough to buy it for that insane price tag.
Set up the garden’s walls so you can profit off the users when “eventually” figure out how to monetize them? Sending people to third party sites means you can’t show them ads even in principle, but the cost of hosting seems like it would quickly outstrip whatever extra revenue you could get. Corporations are legally required to increase in value forever, so it’s literally illegal to make “enough money” when there’s a chance for “all the money”, even if pursuing that chance actually hurts long-term viability (which stockholders don’t care about because they can always cash out).