They have never properly turned a profit - and relied solely on VC money. It was kind of “obvious” from the beginning - this house of cards of completely free services is increasingly unstable.
Both could have been profitable overnight if they wanted to. Reddit doesn’t need 2000+ employees. It’s a simple forum, led by volunteers. It is definitely possible to run it profitably on ads and volunteer premium services.
Spez is simply a moron. Reddit doesn’t need multiple chat/messaging features. It doesn’t need NFTs. It doesn’t need to be tik tok.
the biggest thing to me, in terms of server load, is that reddit does not need to host videos/images. It’s a link aggregate.
I’m only a layman in this particular field, but I imagine it’s a lot lighter on resources to direct people to sites streaming video than to host and serve it all yourself.
Oh yeah, I completely agree with that. However, don’t forget that setting up the IT infrastructure for such large sites to be performant and scalable takes a ridiculous amount of resources. And people expect snappy, quick websites with the perfect algorithm for constant dopamine shots.
That’s the reason why I think the Fediverse is the future of social media - but it’s still very young and will take a lot more work to be friendly for the masses.
Twitter and Reddit both dying at the same time was not what I expected in 2023
who had two social media companies dying on their bingo board?
They have never properly turned a profit - and relied solely on VC money. It was kind of “obvious” from the beginning - this house of cards of completely free services is increasingly unstable.
Both could have been profitable overnight if they wanted to. Reddit doesn’t need 2000+ employees. It’s a simple forum, led by volunteers. It is definitely possible to run it profitably on ads and volunteer premium services.
Spez is simply a moron. Reddit doesn’t need multiple chat/messaging features. It doesn’t need NFTs. It doesn’t need to be tik tok.
the biggest thing to me, in terms of server load, is that reddit does not need to host videos/images. It’s a link aggregate.
I’m only a layman in this particular field, but I imagine it’s a lot lighter on resources to direct people to sites streaming video than to host and serve it all yourself.
Oh yeah, I completely agree with that. However, don’t forget that setting up the IT infrastructure for such large sites to be performant and scalable takes a ridiculous amount of resources. And people expect snappy, quick websites with the perfect algorithm for constant dopamine shots.
That’s the reason why I think the Fediverse is the future of social media - but it’s still very young and will take a lot more work to be friendly for the masses.