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

  • N0t_5ure@lemmy.worldEnglish
    6·
    3 days ago

    I got so tired of engagement bots pinging me with inane questions every time I posted I comment I left and came here.

    • Zensate@feddit.orgEnglish
      7·
      3 days ago

      To be fair reddit users used to do that before the bots as well. Just pointless bad-faith pretending to engage without actually wanting to hear your opinion, just exhaust you for disagreeing with them.