this post was submitted on 22 Jun 2023
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Reddit protests could end pact between users and major platforms (businessplus.ie)
submitted 1 year ago by ulu_mulu@lemmy.world to c/reddit@lemmy.ml
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[–] nOvA_NoVa@lemmy.world 12 points 1 year ago* (last edited 1 year ago)

It is estimated that Reddit’s moderators contribute $3.4 million worth of unpaid labour per year to maintain its communities. That amounts to about 3% of the company’s revenue. Reddit’s in-house moderation team is not likely in a position to plug that gap – and we’ve already seen, via Twitter, how faltering moderation can affect advertising revenue. The longer this protest goes on, the more damage it does to Reddit’s potential share price

Literally get rekt spez