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submitted 2 days ago* (last edited 2 days ago) by schipelblorp@sh.itjust.works to c/watchredditdie@sh.itjust.works

Article from August of this year (not too cancerous once you get through the first two splash screens).

Reddit shares DROPPED despite increase revenue. Why? Objective signs of enshittification:

  • declining active user base
  • massive increases in revenue.

People are leaving so the ones that remain must be more heavily monetized, which leads to more people leaving--the enshittification death spiral.

Reddit will no longer be reporting logged-in users as a separate metric lol

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[-] DementedSociety@lemmy.world 2 points 2 days ago

Same, didn't even know about the fediverse until like a month ago. Thank reddit for that!

this post was submitted on 16 Sep 2026
195 points (99.5% liked)

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