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Elon Musk's Twitter moves were 'reaffirming' says Reddit boss amid API changes
(www.theregister.com)
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this post was submitted on 19 Jun 2023
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Technology
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Who in their right mind has looked at Twitter these past few months and thought ‘wow, great, let me copy that!’?
Unfortunately probably a lot of CEOs realizing they can make drastic cost cutting and policy moves and get away with it. And sadly looks like it’s working.
So far it doesn't look like he's getting away with it. Ad revenue is down 60% compared to last year, it doesn't look like there is enough revenue from subscriptions to make up for that, and they're being evicted from one of their offices.
No, but the users still keep using it and the bigger advertisers are coming back. It’ll get sold off but love on. Too many people unwilling to let go.