Good to be aware what’s going on the main Lemmy competitor side.
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tldr
MORE MONETIZATION AND PROFIT EXTRACTION
We have also continued to scale our Advertising business, which is now poised to deliver performance and engagement in addition to brand awareness. Advertisers have responded favorably to our efforts and the authenticity of community on Reddit, with direct advertising revenue increasing 90 percent in the last quarter, year-over-year.
Friendship ended with users, shareholders are my friends now.
yup, it’s bizarre how they’re trying to present this in a favorable way :/