Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.
Well looks like the great Reddit exodus wasn’t so great after all and Reddit more than made up for it. Financially at least, things are looking up for them. I kinda really wish it weren’t so… but at least some of us got to know Lemmy as a consequence.
Hard to say isn’t it? If 100 users join and 80 leave you assume they are up 20 users. If the number of bot accounts that joined was 30 of those, they actually lost 10 users, and advertisements are selling more ads to computers than people. Unless we can separate real accounts from fake ones… It’s all useless information
Doesn’t matter to reddit as long as the advertisers still pay them though
It will matter to Reddit in rhe long run if advertisers notice they aren’t getting as many clicks on their ads from Reddit as their metrics say they should be getting and then pull their ads off the platform and/or sue Reddit for falsifying metrics.
Bots ain’t users, spez, you greedy little pigboy.
It seems that they are, if he can manage to sell them as people to the advertising firms.
Fuck spez.
I seriously doubt there are even half that many users these days. Go look at the posts and comments on the site now. They’re all pointless drivel, and obvious bot posts designed to get other bots and rubes to comment. Stuff like “What is your favorite color and why” makes it to the front page with a hundred thousand upvotes. I mean come on! How could that be actual people?
