this post was submitted on 24 Feb 2024
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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway (www.cnn.com)
submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

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[โ€“] IDontHavePantsOn@lemm.ee 13 points 8 months ago (1 children)

Next is that pesky porn problem that makes up most of the traffic.

[โ€“] mightyfoolish@lemmy.world 3 points 8 months ago

Why, Google just paid $60 million a year to scan reddit accounts and generate new dirty videos along with designing adult actors suited to user personal tastes. (What else can you do with reddit user data?)