Reddit’s U.S. User Decline Raises a Bigger Question After Its Earnings Beat
www.marketbeat.com
Reddit stock fell 22% despite beating Q2 earnings estimates, as flat U.S. logged-in user growth overshadowed strong revenue gains and rising per-user monetization.

Article from August of this year (not too cancerous once you get through the first two splash screens).

Reddit shares DROPPED despite increase revenue. Why? Objective signs of enshittification:

  • declining active user base
  • massive increases in revenue.

People are leaving so the ones that remain must be more heavily monetized, which leads to more people leaving–the enshittification death spiral.

Reddit will no longer be reporting logged-in users as a separate metric lol

  • partial_accumen@lemmy.worldEnglish
    0·
    1 month ago

    Reddit disables…

    • APIs that many popular apps use to help users view Reddit and for users that hate the new interface
    • disables .compact and .mobile views which pockets of users like that hate the new interface
    • bans users on VPN
    • forces “old.reddit” to require a login which alienates users that hate the new interface

    Reddit: “Why are people leaving?”

      • Zedd_Prophecy@lemmy.worldEnglish
        01·
        1 month ago

        This I couldn’t believe - on my phone you get three scrolls to view the site and then are told. “To view more content download the app”. Seriously fuck that.