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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO(www.theinformation.com)

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shiftenter@lemmy.world
17 points

Sounds like Enshittification.

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wikibot@lemmy.worldB
9 points

Here’s the summary for the wikipedia article you mentioned in your comment:

Enshittification, also known as platform decay, is the pattern of decreasing quality of online platforms that act as two-sided markets. Enshittification can be seen as a form of rent-seeking. Examples of alleged enshittification have included Amazon, Bandcamp, Facebook, Google Search, Quora, Reddit, and Twitter.

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greencactus@lemmy.world
2 points

Thanks :)

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