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Reddit CEO says he’ll change rules to end protest (www.msn.com)
submitted 1 year ago by Abridgedlife@latte.isnot.coffee to c/reddit@lemmy.ml
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Main points: He plans to make moderators popularly elected to more easily vote them out.

Hopes the next frontier will be subreddits as businesses.

He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.

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[-] can@sh.itjust.works 1 points 1 year ago

Huffman has said Reddit is not profitable and in Thursday’s interview he said that Reddit’s annual revenue is less than $1 billion. Meta, owner of Instagram and Facebook reported revenue last year of $116.6 billion.

Ouch

[-] bill_1992@kbin.social 1 points 1 year ago

Pinterest has around the same amount of MAUs as Reddit with $2.8b revenue...

I don't think killing 3p apps and eventually old reddit is gonna make the difference.

this post was submitted on 16 Jun 2023
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