Maybe Reddit’s slowing revenue growth is partially responsible for the company trying to lock things down. - The Verge

abff08f4813c@kbin.social to Reddit Migration@kbin.social – 19 points –
Maybe Reddit’s slowing revenue growth is partially responsible for the company trying to lock things down. - The Verge
theverge.com

According to The Information, Reddit’s revenues were up 38 percent in 2022, but that’s down from the “more than doubling of revenue” it saw from 2020 to 2021. That said, The Information says Reddit still earned “about $670 million” in revenues last year. I don’t know if getting back the $10 million in “pure infrastructure costs” CEO Steve Huffman told me that it takes to support third-party apps is going to make all that much of a difference.

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honestly i don't even care about reddit anymore, now that i know kbin/lemmy i am never going back

Yeah I just deleted Relay from my phone and never looked back. I get my news and everything I need here!