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] 3 points 1 year ago (1 children)

A company that isn't profitable will still compensate their CEO, so spez is certainly taking gone a big paycheck. In addition, these net worth calculations also take into account stock. Spez most likely still owns a piece of Reddit, and that would be a factor.

You can still get very rich off of a company that isn't profitable.

[–] [email protected] 2 points 1 year ago

Case and point: Adam Neumann