this post was submitted on 29 Jun 2023
74 points (98.7% liked)
13621 readers
1 users here now
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Those numbers hardly describe a "plunge". Much lower impact than I had hoped honestly
They're lining up an IPO. Anything suggesting that they can't maintain 5-10% real growth year after year (like other companies that investors could put their money) is truly damming. A sustained decrease in revenue, even a small one, is going to gut the IPO valuation.
Except we can be sure that the entire drop is due to humans deciding Reddit is dead. How much of the remaining traffic are bots?