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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[–] darkkite@lemmy.ml 78 points 1 year ago (18 children)

they fumbled so hard. they could have had millions of new subscribers if they locked the api key under reddit premium and allowed 3rd party app to enter user api keys

50 a year isn't terrible depending on your use case, but they burned so much good will

[–] eric3a@lemmy.world 21 points 1 year ago (1 children)

Absolutely. I probably would have paid. I'm not big on subscriptions as I prefer one time upfront costs or lifetime subscriptions when possible, but I did use Reddit a lot.

Instead I deleted my posts and moved on. Now, where do I find huskytantrums?!

[–] spinoza_the_jedi@lemmy.ml 5 points 1 year ago (1 children)

Sometimes I think there isn’t much I miss from Reddit. And then someone mentions a community I miss. Gotta find me a new huskytantrums.

[–] andromedathecat@lemmy.blahaj.zone 3 points 1 year ago

For me it’s catswhoyell

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