8 years ago
1
A prescient article about reddit's inevitable fall
"[reddit] burns more money than it makes. With no real competition on the horizon, and as reddit continues growing, it will get an itchier trigger finger. If they butcher their inevitable monetization strategy — like Digg did — there is seemingly nothing else similar that users can jump ship to."
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https://medium.com
Prescient quote on reddit's fate from /u/fjord104
“Reddit will eventually have extremely high potential marketing revenues. Someone will recognize this, and make Reddit’s owner(s) at the time an offer they can’t refuse. Over time, new, very profit-oriented management will saturate the cite with adds and drive away the userbase to a newer, cleaner option.”
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Related reddit thread
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Alexis shot reddit in the foot hard by choosing video IAmA (that smelled like money) over Victoria. And now he's in /r/ideasfortheadmins defending that video IAmA are the future while the mods of IAmA cut themselves completely from the admins (and thus video IAMA).
They're not cutting their losses since they have another perfectly good foot to shoot.
The token effort they put on tools (they assigned one dev to it) will not save them. They'll try to monetize reddit to death.