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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[–] picpak@lemmy.ml 6 points 1 year ago

This is what I was thinking. Heck, they could've increased the price of premium, locked the API behind it and keep a certain percentage of the third party apps' cut, similar to how the App Store runs.

They could've been greedy pigs and STILL won.