Comments by "Gareth Hart" (@tgheretford) on "Louis Rossmann" channel.

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  4. They want to get rid of all the third party apps by making it so non-viable to operate in order to make themselves the exclusive avenue for the site... which then makes it far easier to paywall it for everyone. Twitter and YouTube are heading that way too. ETA: Based on the revenue per user now, if Reddit charged $4.99 a month for access, they'd only need 2.5% of current users to sub to break even. $5.99 = 2% of users. And so on. ETA2: The current situation with tech firms reminds me of what happened with both the UK satellite television industry and the mobile phone networks. Back in 1990 we had two competing satellite operators. Both stated publicly how many viewers each had. Until someone internal asked how much they were making. Turned out both were making big losses. And both realised that if they did not change tack and merge, they'd both be insolvent. So they merged and instead of focusing on numbers of viewers, quickly adopted a (near-)universal paywall, bought the live football rights and focused on average revenue per unit (ARPU). They're now the biggest pay TV company in the UK. In terms of the mobile phone networks, they also used to focus on numbers. Until the 2008 financial crisis. When they suddenly realised like the satellite television platforms that they need to focus on ARPU, not on customer numbers. So my phone network I was on sent an ultimatum to a number of subscribers who were not making enough money - pay double or leave. Many left but the company was now in better financial ground despite having less subscribers, they paid more. So much so the other networks followed suit. Basically, history never repeats but it rhymes.
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