this post was submitted on 07 Jun 2023
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Technology

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Seriously, what's up with big sites literally dying as we speak? (lemmy.ml)
submitted 1 year ago by notExactlyI20@lemmy.ml to c/technology@beehaw.org
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First all the bs with Twitter and Elon, then Reddit having an exodus to Lemmy (not complaining lol), then Twitch. Are we like, in an alternate self healing dimension or something?

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[–] Speex@sh.itjust.works 0 points 1 year ago (1 children)

Where do you see this information on their profits?

[–] merc@sh.itjust.works 1 points 1 year ago (1 children)

There isn't much public information because all those companies are private. But, various journalists have looked into things and declared it isn't profitable, for example:

That has left Reddit, known as a bastion of free speech, walking a delicate tightrope between its outspoken audience of 330mn monthly active users and new advertisers that can propel it into profitability.

https://www.ft.com/content/c4c01d86-85f5-49c8-9966-cbf935d834a2

[–] Speex@sh.itjust.works 1 points 1 year ago

Awesome. Thanks for the follow up. Crazy how hard it is to find. I’m sure their income is enough to pay them decent wages though. Not the moderators though, screw those people