Reddit CEO Admits "we are not profitable" right before upcoming IPO : reddit

this post was submitted on 09 Jun 2023

197 points (100.0% liked)

14049 readers

2 users here now

founded 5 years ago

MODERATORS

197

submitted 2 years ago by Technoguyfication@kbin.social to c/reddit@lemmy.ml

71 comments fedilink hide all child comments

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.

(page 2) 20 comments

sorted by: hot top controversial new old

[–] incisus@lemmy.ml 2 points 2 years ago

The guy is a complete clown.

[–] alternativeninja 1 points 2 years ago

pissses off most of the people moderating and creating content about to have a big blackout now tells everyone its not profitable.

Looks like its going well.