Reddit says it averaged more than 73 million daily active users in the final three months of 2023, up from the 52 million daily active users it reported in 2021. The company also said in its filing it hosted more than 100,000 active communities on the site in December 2023. The company’s sales in 2023 reached $804 million, up 21% from $666.7 million in 2022. Reddit reported a net loss of $90.8 million in 2023, a narrower loss than the $158.6 million loss it netted in 2022. And while Reddit said it expects its total addressable market in advertising to grow to $1.4 trillion by 2027, it also acknowledged in the filing’s risk factors disclosure that it has “a history of net losses and we may not be able to achieve or maintain profitability in the future.”
Their user base is gigantic, but everything has a limit, if they expect to have those profits by 2027 it is because they foresee that more users will continue to arrive, when something becomes so big, it becomes a place for normies, then it loses all the good it had.
One social media at a time. We are substituting twitter with nostr right now. Next step is reddit with stacker.news.
https://i.postimg.cc/13KWb5cT/SN-vader.jpg
Yes! Sir! 🫡
facts
Reddit has become a giant, that's undeniable and it doesn't seem to stop growing.
Correction: A giant pile of shit.
https://m.stacker.news/24411
Haha some good nuggets in that poop tho
You know the saying: if you play with shit... you will smell like shit 😂
Will see if the AI will be able to sift through it to find those nuggets.
Would be hilarious to see a stacker make a reddit territory and just post the best of reddit in there. Surprised @ek hasn't done that with the hn bot.
https://i.postimg.cc/Hngr2q4r/darth-no-noo.gif
so SN want to became another pile of shit?
Lol calm down, it was just an idea. But now that I know you hate it, I really want to see it now. Haha
Where is the proof of work if the SN feed will be only a pile of shit bots posting another pile of shit from other bots?
Don't you see where is going this madness with crap bots?
I'm opposed to that too lol.
I can't even imagine how bad it's gotten by now... it has been downhill for a solid decade
Wait is it tho?
Who knows 🤔
found it
Their user base is gigantic, but everything has a limit, if they expect to have those profits by 2027 it is because they foresee that more users will continue to arrive, when something becomes so big, it becomes a place for normies, then it loses all the good it had.
Everybody says that but I have a loose theory AI to be a big thing that resets everything. Especially by then.
Reddit sucks mods ruin everything can’t even speak my mind anymore without getting muted or banned
it will grow until it implodes, incentives are not right