Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by eli on Friday June 30, 2023 @10:36AM
(#36535659)
Not joking at all. Reddit has had a self-service platform that lets you target ads to subreddits for a very long time. Why do you think it's not popular?
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Re:Fidelity has cut Reddit valuation to $4.5B from $10B
by disgruntledphd2 on Friday June 30, 2023 @11:26AM
(#36536661)
If I had to guess, because their self service tools suck and they haven't invested in agency relationships.
If you want a successful internet ad business you need to do one of those, but preferably both.
That being said, it's wild to me that Twitter never managed to build a DR (i.e. selling clicks/conversions) business, so maybe Reddit is equally as badly managed (which again, is really surprising to me).