According to The Information, Reddit’s revenues were up 38 percent in 2022, but that’s down from the “more than doubling of revenue” it saw from 2020 to 2021. That said, The Information says Reddit still earned “about $670 million” in revenues last year. I don’t know if getting back the $10 million in “pure infrastructure costs” CEO Steve Huffman told me that it takes to support third-party apps is going to make all that much of a difference.

According to The Information, Reddit’s revenues were up 38 percent in 2022, but that’s down from the “more than doubling of revenue” it saw from 2020 to 2021. That said, The Information says Reddit still earned “about $670 million” in revenues last year. I don’t know if getting back the $10 million in “pure infrastructure costs” CEO Steve Huffman told me that it takes to support third-party apps is going to make all that much of a difference.

  • callyral@readit.buzz
    6·
    1 year ago

    honestly i don’t even care about reddit anymore, now that i know kbin/lemmy i am never going back

  • primmest@lemmy.world
    3·
    1 year ago

    COVID probably had way more to do with the difference in revenue than 3rd party apps. I know I wasted significantly more time browsing reddit in 2020 than any other year.

  • artisanrox@kbin.social
    1·
    1 year ago

    “We have noticed a lowering of traffic on Reddit. The mods will be intouch with you to discuss this. Please log in and have a formatted activity list to show the mods. If you do not have a formatted activity list you will be removed as a user without purchasing Premuim service.”

    • abff08f4813c@kbin.socialOP
      1·
      1 year ago

      The mods admins will be intouch with you

      Ironically it’s been so hard to get ahold of an admin recently.