just so this doesn’t overwhelm our front page too much, i think now’s a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let’s try to keep what’s happening in this thread instead of across 10.

developments to this point:

The Verge is on it as usual, also–here’s their latest coverage (h/t @[email protected]):

other media coverage:

  • monsterlynn@beehaw.orgEnglish
    1·
    1 year ago

    I just don’t get how a site based on freely produced content thst employs volunteer mods can actually monetise.

    That part just gets me. The site has nothing without the users and the users have nothing without the mods.

    • yyyesss?@lemmy.worldEnglish
      1·
      1 year ago

      The thing is, they have operating costs. I’m sure it’s a boatload of money as well, given the size and scope of Reddit. Almost all startups run at a loss. And then continue to do so long past when they’re a “startup”. The money they “make” is from rounds of investors who believe they will find a way to make money in the future. Eventually investors get restless and demand that they find a way to monetize so they can recoup. Without those investors money, the site will come crashing as soon as they miss some critical payments for stuff that keep the site up. I’m absolutely sure that’s what we’re seeing. I think either way, its time has come.

      Pinch the users to try to keep it alive for a little bit more. Don’t pinch the users and it dies in a grinding halt when they miss some key payments.