this post was submitted on 11 Jun 2023
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update for 2nd day of the blackout
I will be paying attention to this the following couple days. I wonder how they are going to tell investor, lol.
I'd be curious to see an updated valuation
The site is broken atm, but yesterday when I check it it was about half way between the blackout and the normal volume. (might just because weekend people have more other stuff to do?)
Yeah that's possible. Quite frankly all of this is pretty moot for the time being, the real test is at the end of the month when the API changes take effect.
Yeah, the drop will come the first of july, when the api become $$$ :D
It dropped by about 2000 comments per minute and about 100-200 posts per minute. Assuming weekend peaks are about the same as weekday peaks that's a pretty significant reduction of thousands of posts not posted and tens if not hundreds of thousands of comments never commented. That's a fairly significant dent and could drop a stock price by a few percent, but certainly not a company killer.
The long term question is if this exodus removes too many power users who drive engagement, not to mention the effects on moderation and how reddit replaces or recalls the users it alienated