Reddit CEO Admits "we are not profitable" right before upcoming IPO : reddit

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submitted 1 year ago by Technoguyfication@kbin.social to c/reddit@lemmy.ml

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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.

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[-] SmugBedBug@sh.itjust.works 50 points 1 year ago* (last edited 1 year ago)

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

Maybe fix your product before you expect the money to come pouring in.

[-] Technoguyfication@kbin.social 19 points 1 year ago

That would require reddit to make good decisions, which they've repeatedly demonstrated is impossible

[-] Br0qm@sh.itjust.works 5 points 1 year ago

It's not impossible, they've just chosen not to. That says more than any AMA

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this post was submitted on 09 Jun 2023

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