Also why did reddit go from just hosting text to hosting images and videos? It used to be a link aggregation site now it’s a never leave our borders site
The idea is to keep the users on Reddit instead of directing them to third-party sites, so they can show them ads instead of the third-party sites getting all the ad revenue. They just haven’t figured out how to monetize it.
It’s costing them a lot of money to do that. Old reddit must have been a lot cheaper. I don’t get the walled garden approach for a link aggregation site. It’s obvious spez is going to sell it for a shit ton of money then bounce because it’s a money pit. So was Twitter they lucked out with Elon being dumb enough to buy it for that insane price tag.
The idea is to keep the users on Reddit instead of directing them to third-party sites, so they can show them ads instead of the third-party sites getting all the ad revenue. They just haven’t figured out how to monetize it.
It’s costing them a lot of money to do that. Old reddit must have been a lot cheaper. I don’t get the walled garden approach for a link aggregation site. It’s obvious spez is going to sell it for a shit ton of money then bounce because it’s a money pit. So was Twitter they lucked out with Elon being dumb enough to buy it for that insane price tag.