this post was submitted on 09 Jun 2023
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Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
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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[–] bitsplease@lemmy.ml 46 points 1 year ago

Yup, Spez claims that $2/user/month is all they're asking. I'd have happily paid that direct to reddit if they'd been upfront from the get-go. Instead, I've deleted my account and left the site after a decade of contributions. Very sad to see it go, but I'm not going to be like those idiots whose still hanging around on twitter constantly complaining about the way it's managed