Is there something counter-intuitive about reddit that makes it hard to monetize? That's the core issue. Reddit still makes barely $1/user/month while instagram makes $35. Cutting off the 3rd party apps is a cost-cutting move, not a revenue-generating move. Why haven't they managed to find more revenue?
I'm loath to say it but Huffman has had a decade to solve this and hasn't. Might be time for new leadership with new ideas.
I'm loath to say it but Huffman has had a decade to solve this and hasn't. Might be time for new leadership with new ideas.