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Reddit is also terrible at business. Half the ads are 'thank you for not using Adblock'. The founders even left it after their contract ended, so I don't think anyone is really looking at the big picture there.

Still, your point is right. You can't just have a blanket number that works for any site.

Demographics are also important. Reddit has a much more tech savvy crowd than a site like twitter. I think some of the article's estimates could still hold true for reddit, but it wouldn't be a linear scale. To reach 100B pageviews would require breaking into the mainstream, leading to less sophisticated users and better CPM.

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