It’s not necessarily that “not enough people” were paying for Reddit Gold, but that subscription models like that tend to be great for making a stable profit but not so great for line-go-up-forever endless growth, which is what shareholders always, always want. It doesn’t matter to them if reddit is profitable if it’s not even more profitable than last year.
Either way, yeah, the reddit users are the product and the free labor and not the customer.
It’s not necessarily that “not enough people” were paying for Reddit Gold, but that subscription models like that tend to be great for making a stable profit but not so great for line-go-up-forever endless growth, which is what shareholders always, always want. It doesn’t matter to them if reddit is profitable if it’s not even more profitable than last year.
Either way, yeah, the reddit users are the product and the free labor and not the customer.