- cross-posted to:
- reddit@lemmy.world
- cross-posted to:
- reddit@lemmy.world
“We’ve known for over a decade that people come to Reddit to talk about the products they love – take r/BuyItForLife for example, a community of over 1.5 million redditors who have been sharing recommendations and advice about their lifelong, must-have purchases since 2011. These updates will uplevel the search-and-discover experience for both brands and our users by tapping into our differentiated value as a hub for actionable conversation”
Reddit will lose at least 25% of its user base after June. Hopefully more, but realistically, older audiences won’t understand or make effort to move off it.
I expect it’s actually the younger users who will be more resistant to migrating somewhere else. Most of the people I’ve seen saying they don’t support the blackout have said that the official app is the only way they’ve used Reddit. Which suggests they joined post-redesign
Older audiences are more likely to dislike the new changes, though. They’ve been on Reddit for a long time and will be aware of how much better it used to be.
Even if they lose 50% (unlikely) the changes they make will still be more lucrative for them. The people who leave are probably not their most profitable demographic in the first place. The new API fees will easily make up for that. Twitter was the same … as much as people predicted it’s demise it’s more profitable now than it ever was.
I’m just hugely happy and grateful to the people behind Lemmy whose hard work and unselfish behavior allowed us all to benefit.
I believe (and somewhat hope) that the n% of users leaving over this are mostly prosumers, leaving Reddit with mostly consumers. The, say, 5% of users leaving might be the ones who create >70% of the quality content the consumers browse Reddit for.
Given that Reddit relies on prosumers like them for 100% of its value, that would be a huge blow.
I’d be surprised if Reddit even lost 5%. The reality is that the vast majority couldn’t care less and the people that will leave are a rounding error as far as Reddit is concerned.