Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years

https://lemmy.world/post/12494118

Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years - Lemmy.World

I am curious. If you were a Chief officer or what kind of changes would you do to make it profitable? Reduce server count? Roll back old.reddit? Just cut overhead? How can they possibly make it profitable given where they are now?
If reddit allowed third party apps again that would probably be enough to get me back. Maybe in another 5 years it won’t but right now Lemmy only wins cause the reddit app experience is bad enough to drive me away.
Reddits app was always bad. Even with all the hurdles and shitty stuff they do on mobile browser I still chose to be on browser
Boost for reddit was rhe only rzn I used reddit. But now, I switched over to tbis.
This seems tricky. If you see any ads in a 3rd party app, they’re going to support the developer instead of Reddit.
Yeah, turned out I was actually more loyal to the app I was using than I was to the platform. Though I was also pretty good to the platform, I contributed and interacted daily and often spent money buying gold. I tend to take the attitude that if I’m getting a lot of use out of something I don’t mind spending a little to support it. That’s all in the past now and I wonder how many other paying users they burned.