this post was submitted on 19 Jul 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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It's absolutely desperate, but they don't have a choice. The company isn't profitable, their revenue per user is awful, they are running out of VC money, they hired a ton of people to growth hack their metrics and it appears to have largely failed, they have no plans for effective monetization of the site or how to be profitable at an acceptable level for the amount of investors they have.