this post was submitted on 10 Aug 2023
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It obviously is a sustainable business. What they want to do is fatten the cow before slaughter
It's obviously not. Because they've been reporting losses since it's inception.
Yeah, but only because Reddit wants to become more than they are! All the coins, nfts (yes, they already sell them), useless functions and redesigns they implemented over the years, while simultaneously giving a shit about what made Reddit useful and interesting. They had a chance to be better than the rest and give us (and by that I mean user who used Reddit often) a way to pay for what we liked but more and more they pushed people like me away with all the convoluted and microtransactiony way to spend money.
Eh, whatever. I like it here better now!
You wouldn't have paid. No one would have paid. It's as simple as that. People are happy to pay with their data and their attention, but not with their money, which is why they forced everyone onto their first-party app where they can mine your data and push notifications to keep you engaged, all while ensuring you're forced to look at their ads.
Not to mention charging AI companies money to mine the information you've contributed to their platform that they were previously bypassing via the API.
Eh, I don't pay for Tv or have a lot of subscriptions but I actually pay for YouTube premium because there are channels I follow for more than ten years at this point. And because I know that some of this money goes to the creators (not all, I know) I feel like it's money well spent for content I actually enjoy. So, with all that said: if Reddit would have given me an option to pay a reasonable amount to browse it on an app of my choice I am pretty sure I would have done that, because some of content and communities were also a part of my life for way longer than ten years.
I can kinda see where you are coming from, though. Not enough people would have paid the way I would have done. People like free stuff. I do too.
The more I think about it. I think you’re right. No more 0% loans so cheap debt is hard and interest starts accruing.