this post was submitted on 20 Jun 2023
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Reddit isn't going to win or lose, it already lost. It has never been profitable, has been outcompeted by Instagram and TikTok, and was already showing signs of failure. The one thing that they had going for them was their relationship with the community, and they couldn't even maintain that. At this point Reddit is a sinking ship, average people will move on to the next big thing and the power users will move to other places they can get their content seen, and Reddit may not be in the grave but they've already dug it and they are on the edge.
Yeah this current chain of events is just making a lot more people open their eyes. Even me, deep down I already knew Reddit was going down the drain for a long time already, but especially within my RiF and curated feed, I was shielded from most of it. Now the mask is coming off and everyone can see it for what it is, another corporation that's going to do whatever it takes to squeeze the last penny. I feel sad, I'll miss my old Reddit, but it's the cycle of life. The king is dead, long live the king!
Right.
So according to your detailed timeline, when is Reddit going to see a decline in new users and total monthly users, because it has only went up and up with no signs of stopping. Is that part of being on the edge of their grave, or just an unexplainable anomaly?
Also, neither TikTok or Instagram are discussion forums. TikTok is a short-video platform and instagram is a photo sharing platform. Your comparison is like saying McDonald’s outcompeted Ticketmaster.
If you haven't noticed, reddit has a MASSIVE bot problem, I'd wager at least 1/3 of the posts on r/all are from repost bots and copy pased comments from bots probably about the same. How can you be sure these numbers are are even from real users?
Reddit has failed to grow as fast as other social media platforms, and has contracted over the course of this year, a trend which the blackout hasn't helped.
ETA: Just to be clear, the first image comes from Statista, as stated, but the second two come from iTWire
ETA 2: Also to add, the majority of people on Reddit don't discuss, they consume. They're what we call lurkers, they just like to read through the posts and comments because they enjoy the content. Lurkers like Reddit, but are happy to consume elsewhere, and as such for those consumers, TikTok and Instagram remain viable alternatives because they have feeds of interesting content to scroll through. When someone's sitting on the toilet, they don't open Reddit to have a riveting discussion, they do it because they're bored, and other social media platforms also alleviate boredom.