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

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

  • @TheEllimistEnglish
    4•1 year ago

    Reddit bought imgur though, didn’t they? So that’s part of their expenses.

    • @ikiddEnglish
      3•1 year ago

      Imgur started out as a convenient way to host images for Reddit, but Reddit did everything they could to make sure Imgur didn’t stay that way. That’s why they introduced their shitty inhouse image hosting.

      Imgur just kinda goes on by itself now, fairly successfully it seems.

    • @kienEnglish
      2•1 year ago

      When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.

      • @TheEllimistEnglish
        1•1 year ago

        Ok, I wasn’t sure, hence the question mark.

    • @DilipaEliEnglish
      1•1 year ago

      Oh I actually didn’t know that. That indeed changes my perception a little bit