I disagree that Reddit's R&D spending is a lot. Look at any FAANG/FANGMAN/MAMMA company; their annual R&D spending is significantly higher.
this post was submitted on 28 Feb 2024
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The solution is clearly more NFTs. People really love those.
I am curious. If you were a Chief officer or VP or something. What kind of changes would you do to make it profitable? Reduce server count? Roll back old.reddit? Just cut overhead? Get rid of Spez? How can they possibly make it profitable given where they are now?
Here's what I'd do:
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VIP posts which you have to subscribe to a user to view. Reddit takes a cut of the subscription fee. With the sheer amount of OnlyFans models who astroturf the fuck out of the NSFW subs, it feels beyond stupid that Spez isn't cutting out the middle man and competing with the likes of OF, Fansly, Patreon and Subscribestar.
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Add more incentives to subscribe to Reddit Premium, i.e. enhanced search functionality, the ability to time travel back to the frontpage from a previous date.
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Improve the official Reddit app to the point where it's on-par with previous third party offerings.
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Bring back RPAN as a fully-fledged livestreaming platform with fewer restrictions. Introduce ads (Premium users get ad-free viewing) and revenue sharing for partnered creators.
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Change content and moderator guidelines to curb power users.
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Pivot towards short-form video content as a separate section of the site to compete with the likes of TikTok.
I agree with everything except 4 and 6
4 because video live streaming is stupid expensive. Twitch only survives cause they're owed by Amazon who owns numerous data centers to support it. Same deal with yt.
6 because everyone's already doing short form video and we don't need another tiktok alternative. We already have Instagram and YouTube, and their server infrastructure likely far exceeds that of reddit.
You are now hired as the post-IPO CEO
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