@[email protected] to [email protected] • 10 months agoReddit faces content quality concerns after its Great Mod Purgearstechnica.comexternal-linkmessage-square16fedilinkarrow-up1277arrow-down112cross-posted to: news[email protected]technology[email protected]redditwasfun[email protected]reddit
arrow-up1265arrow-down1external-linkReddit faces content quality concerns after its Great Mod Purgearstechnica.com@[email protected] to [email protected] • 10 months agomessage-square16fedilinkcross-posted to: news[email protected]technology[email protected]redditwasfun[email protected]reddit
minus-square@bassomitronlinkEnglish27•10 months agoThey were doing mostly okay before with premium and donations. It’s just that they want even more money.
minus-squareathos77linkfedilink12•10 months agoThe weird thing is that if spez hadn’t spent tens of millions of dollars on things that reddit kept telling him they didn’t want - reddit crypto, reddit NFTs, etc - they likely would’ve been profitable way before now.
minus-square@[email protected]linkfedilinkEnglish7•10 months agoYeah, they could’ve been profitable a long time ago if they grew the staff slowly and kept their head down But they wouldn’t be Facebook level profitable. Their investors don’t care much about them being profitable, they want 100x or bust
They were doing mostly okay before with premium and donations. It’s just that they want even more money.
The weird thing is that if spez hadn’t spent tens of millions of dollars on things that reddit kept telling him they didn’t want - reddit crypto, reddit NFTs, etc - they likely would’ve been profitable way before now.
Yeah, they could’ve been profitable a long time ago if they grew the staff slowly and kept their head down
But they wouldn’t be Facebook level profitable. Their investors don’t care much about them being profitable, they want 100x or bust