this post was submitted on 09 Jun 2023
196 points (99.5% liked)

Reddit

13633 readers
1 users here now

founded 5 years ago
MODERATORS
[email protected]
196
Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
submitted 1 year ago by [email protected] to c/[email protected]
71 comments fedilink hide all child comments
 

How do you address the concerns of users who feel that Reddit has become increasingly profit-driven and less focused on community engagement?

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 13 points 1 year ago (2 children)

I'll have to disagree. Products being paid wouldn't have stopped

  • the internet becoming centralized around fewer and fewer services

  • forced those services to have had upheld their quality and promises

Cable TV started under the pretense of having no ads other than each network's own, and to have access to pay-per-view events (which is sports and we can stop pretending sports didn't sell cable).

And yet Cable, despite exploding more and more on widespread adoption, still became the same if not WORSE than public TV.

The paid-ternet would be the same or worse than what we have. And I know Facebook's dream goal is to make a paid-ternet. If I die and become a cyberghost, I'll haunt the hell out of any server rack where that goal is making progress and make sure it never succeeeds.

[–] [email protected] 5 points 1 year ago

I agree with you here. Share holders are never going to be satisfied. The numbers always need to be going up which means new ways to generate profits must be found. Ads, subs, micro transactions, etc - nothing is off the table.

[–] [email protected] 1 points 1 year ago

this. a thousand times, this.