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this post was submitted on 20 Sep 2023
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Games
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Video game news oriented community. No NanoUFO is not a bot :)
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My goal is just to have a community where people can go and see what new game news is out for the day and comment on it.
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This is the real answer. The low interest money train has left the building and these companies are scrambling to meet their feduciary duty
Yup, the old mantra was:
They might experiment with ads and subscription tiers, but the real focus is always on getting users. Look at YouTube, AFAIK, it's still not profitable (or if it is, it's barely profitable), and not for lack of trying over the past few years. Yeah, sites like Reddit and Twitter are cheaper to run, but there's still a ton of overhead and ads aren't as profitable there.
Now investors want to see a return, and it's just not happening.