Reddit risks losing its identity in pursuit of profits
https://lemmy.world/post/1151991
Reddit risks losing its identity in pursuit of profits - 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
Reddit isn’t profitable, despite having a billion dollars in advertising dollars coming in every year? And someone thinks that spez should remain in charge?
My gut reaction is that a multimedia website the size of reddit must be a juggernaut of server and hosting expenses.
Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.
Reddit bought imgur though, didn’t they? So that’s part of their expenses.