Huffman has said Reddit is not profitable and in Thursday’s interview he said that Reddit’s annual revenue is less than $1 billion. Meta, owner of Instagram and Facebook reported revenue last year of $116.6 billion.
Ouch
this post was submitted on 16 Jun 2023
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Ew
Pinterest has around the same amount of MAUs as Reddit with $2.8b revenue...
I don't think killing 3p apps and eventually old reddit is gonna make the difference.
After debating for a few days and watching u/spez spiral even further out of reality. I nuked my account. All comments and posts edited to gibberish and then deleted followed by my account.
Is there an available script somewhere? Would love to do the same.
I downloaded and used redact on the app store. Really easy right from my phone
Big fucking surprise the greedy pigboi thinks that money talks. Running subreddits as businesses? What the fuck?
Yeah, that's exactly what reddit needed. For a bunch of angry mob trolls who don't want to respect community guidelines to go ahead and vote out mods enforcing said guidelines. Reddit gonna be straight up 4chan in less than a year.
what I thought about kind of became true: everything he does right now is to make more profits, to work towards the IPO.
What he doesn't realize is that's not how this community works. It's in many ways crowdsourcing content and tools from the community, and the community won't be crowdsourcing just for him to make a profit. And the same goes for mods; they wanna moderate communities they are proud of on a platform that gives them freedom. If they get too much pressure from admins or the CEO and don't like the direction the platform is going in anymore, they WILL leave.
he doesn't realize what he's doing.
Watch subs elect actual Nazis, trolls, incels and transphobes to be moderators for the lols and then the site ends up being a cesspool.
So you're saying it isn't yet?
On a scale of Musk-Twitter to 10, how do you think it's going for him?
I think this is easily much worse than whatever Twitter did
Though I don't use Twitter at the scale required to fairly judge