cross-posted from: https://lemmy.world/post/1094374
SimilarWeb has just released traffic estimates for June. According to these estimates, Reddit’s traffic has seen a 3.36% month-over-month decrease.
For comparison, here’s how traffic has changed for other popular social networking websites:
- Discord.com: +0.51%
- Twitter.com: -1.65%
- Instagram.com: -1.35%
- Facebook.com: -3.18%
- TikTok.com: +0.77%
- Pinterest.com: -2.27%
- Youtube.com: -2.02%
Source: https://www.similarweb.com/website/reddit.com/#overview
It’s less that they don’t know, and more that they don’t care. IPOs are about unloading your bags onto someone else.
They’ve consciously decided that the value of the content they’ve already captured is worth more than the value that future content will bring them. Now they just have to get out from under the pyramid before it collapses.