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This is literally just the r/nyt subreddit about The New York Times.
Given he apparently takes inspiration from Elon Musk, it's only a matter of time until u/spez starts adding post view limits unless you pay extra.
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this post was submitted on 17 Jul 2023
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well spez also admitted in the ama that reddit is "not profitable"
Amusing thing is a company being unprofitable never seems to be lacking in money to use it as their own personal piggy bank to live lavishly and climb up the wealth rankings. Always get reminded of this scene from Silicon Valley.
Here is an alternative Piped link(s): https://piped.video/watch?v=BzAdXyPYKQo
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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That was then; this is now. A lot has changed in the last few years.
I think corporate executives are still raking in a ton of money as opposed to a companies profitability reflecting their pay scale.
Of course it's not, if it was he wouldn't be following the steps of daddy Elon. It's just two like-minded tech-bros who want to turn other people's unpaid contributions into profit for themselves.
That's not the problem. Most in development tech companies aren't in profit mode. The problem for reddit is that they have no way to generate revenue to attract investors