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
[-] arcrust@lemmy.ml 23 points 1 year ago

There were 3 things going for Reddit, content wise: memes, news, hobby subs. It was a 50/50 if my Google search included reddit or Wikipedia. If reddit threw up a banner every 6 months and asked for a donation, I'd gladly throw 20 bucks their way. Reddit should have been a non-profit.

Going public was the absolute worse decision they ever made.

[-] dystop@lemmy.ml 2 points 1 year ago

Every exec wants money for themselves, even if it comes at the cost of the company they run

load more comments (4 replies)
this post was submitted on 09 Jun 2023
195 points (100.0% liked)

Reddit

13627 readers
2 users here now

founded 5 years ago
MODERATORS
norz@lemmy.ml