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 ne…
Redditors aren't as valuable to sell to because they are more likely to use ad blockers. That and instagram ads are said to be better.
i constantly find good restaurants via ads. out of my top 5 fav restaurants, 3 i found via ads.