195
Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
submitted 1 year ago by Technoguyfication@kbin.social to c/reddit@lemmy.ml
73 comments fedilink hide all child comments

How do you address the concerns of users who feel that Reddit has become increasingly profit-driven and less focused on community engagement?

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

you are viewing a single comment's thread
view the rest of the comments
[-] SmugBedBug@sh.itjust.works 50 points 1 year ago* (last edited 1 year ago)

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

Maybe fix your product before you expect the money to come pouring in.

[-] saba@lemmy.ml 28 points 1 year ago* (last edited 1 year ago)

wal-mart is profitable and they at least pay workers minimum wage. u/spaz can't make a profit when unpaid mods do most of the work for them. Not a very good CEO

[-] Technoguyfication@kbin.social 19 points 1 year ago

That would require reddit to make good decisions, which they've repeatedly demonstrated is impossible

[-] Br0qm@sh.itjust.works 6 points 1 year ago

It's not impossible, they've just chosen not to. That says more than any AMA

this post was submitted on 09 Jun 2023
195 points (100.0% liked)

Reddit

13638 readers
1 users here now

founded 5 years ago
MODERATORS
norz@lemmy.ml