cross-posted from: https://lemm.ee/post/46100822
Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.
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this is pretty sad to me because it’s almost like sending a signal to them that harmful practices like the API conflict last year were “worth it”… seems like short term profit thinking will doom reddit long term at some point, maybe?
usersbots