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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[-] lackthought 2 points 1 year ago

Fund it with donations, open source all the technical components

reddit did both of those originally

but when they started taking private VC money they had to start making returns on that investment which spiraled into the current situation

this post was submitted on 07 Jul 2023

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