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I mean i saw several articles about the board being covered in "fuck spez" so i'd say it's doing something.
The people who are going to spend money on that place are advertisers, all they want is people going to a site where their ad is and will be seen. A giant swastika in the canvas would bring in way more views than everyone drawing happy little trees and flags of their country. Content means nothing, views are the point and it's working.
Advertisers, unlike Reddit, often think about more than raw numbers. And so do the brands who hire those advertisers. Part of why Twitter is hemorrhaging cash is that a lot of brands really don’t want to see their logo displayed next to a giant swastika, even if it means people are seeing their ad.
There’s not a chance in the world that a reputable advertiser would be caught dead advertising next to a swastika