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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[-] AccidentalLemming@lemmy.world 11 points 1 year ago

The more I read stories about Reddit cutting off third-party clients, Twitter turning hostile and YouTube trying to kick out people who run an adblocker, the more I start to think these media platforms should be run by non-profit entities. Fund it with donations, open source all the technical components.

[-] DeanFogg@lemm.ee 9 points 1 year ago

The internet should be a utility so I kinda like where you're going here

[-] lackthought@lemmy.sdf.org 2 points 1 year ago

Fund it with donations, open source all the technical components

reddit did both of those originally

but when they started taking private VC money they had to start making returns on that investment which spiraled into the current situation

this post was submitted on 07 Jul 2023
1136 points (100.0% liked)

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