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

    • @[email protected]English
      2•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