Reddit posting ads for more users is actually hilarious. They were soooo unconcerned with how many users they were going to lose when they made the 3rd party API changes. Like to the point where u/spez basically had a “let them eat cake” moment and just straight up said “were successful enough we dont care if we lose people”.
I mean from a business standpoint it makes sense. You make more money selling 5 hamburgers at $21 a piece than you do selling 10 at $10 a piece, as long as costs are similar. Having fewer users you’re making more money from can make sense.
See I dislike this mentality though. Shouldnt the point of business be to make a product thats widely popular and accessible to essentially everyone? Unless of course your burgers are made with higher quality meat than your competitors(as an example), so you pay a little more in costs for the product itself. I really think this culture of businesses being viewed as successful only if they post “record” profits every quarter (while simultaneously rolling back policies that made the business good/popular because it cost more money) is going to absolutely break the consumers back at some point.
Not even from business standpoint. Or maybe I’m misinterpreting the bottom line, but a business should be conscious about it’s business model.
Why do people go to reddit? Funny memes and great comments. It started to become boring when the people started to act like bots (echochamber), now it’s mostly bots echoing arguments and memes of past. With your restaurant analogy, it is more like they started selling the support beams instead of product.
Reddit posting ads for more users is actually hilarious. They were soooo unconcerned with how many users they were going to lose when they made the 3rd party API changes. Like to the point where u/spez basically had a “let them eat cake” moment and just straight up said “were successful enough we dont care if we lose people”.
Netflix made up their minds the same way before tanking their subscriptions.
I mean from a business standpoint it makes sense. You make more money selling 5 hamburgers at $21 a piece than you do selling 10 at $10 a piece, as long as costs are similar. Having fewer users you’re making more money from can make sense.
See I dislike this mentality though. Shouldnt the point of business be to make a product thats widely popular and accessible to essentially everyone? Unless of course your burgers are made with higher quality meat than your competitors(as an example), so you pay a little more in costs for the product itself. I really think this culture of businesses being viewed as successful only if they post “record” profits every quarter (while simultaneously rolling back policies that made the business good/popular because it cost more money) is going to absolutely break the consumers back at some point.
I mean it’s simple math. Would you rather make more money or less money if you’re the business owner? It’s not good, but it’s easily explainable.
Not even from business standpoint. Or maybe I’m misinterpreting the bottom line, but a business should be conscious about it’s business model.
Why do people go to reddit? Funny memes and great comments. It started to become boring when the people started to act like bots (echochamber), now it’s mostly bots echoing arguments and memes of past. With your restaurant analogy, it is more like they started selling the support beams instead of product.