168 upvotes, 4 direct replies (showing 4)
View submission: Sunsetting Secret Santa and Reddit Gifts
Spoiler alert:>!Companies only care about profit, and community events don't increase shareholder value. !<
Comment by Organic-Connection-4 at 09/06/2021 at 18:35 UTC
169 upvotes, 3 direct replies
Except they do because people are more inclined to stay and be part of the community if Reddit actually feels like a community which boosts ad revenue. It means some soulless corporate number cruncher with no vision ran the numbers and decided that’s it’s more profitable to cancel all fun things in the short term and neglects to look ahead to where people begin to leave Reddit because it’s lost its spark.
Comment by Bendetto4 at 09/06/2021 at 18:36 UTC
21 upvotes, 1 direct replies
Community events bring in more users and makes more profit.
More likely is that there were dubious legal issues around using the reddit platform to send people physical packages.
It takes one letter bomb for Reddit to be at the heart of a terrorist investigation.
Comment by Silent-Gur-1418 at 09/06/2021 at 22:33 UTC
1 upvotes, 2 direct replies
The problem is that the driver of the profitability of a site like this lies in keeping the users happy and active. Without user activity ad sales suffer and the site goes broke.
Comment by foxwolfdogcat at 15/06/2021 at 18:25 UTC
1 upvotes, 0 direct replies
I'm not going to read that spoiler and assume that Reddit Corp. is doing this and all other actions for my own good and the good of my family