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.
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.
All spez wants it to keep things going until the IPO where he gets paid big. He’s doing these changes to appeal to IPO purchasers and “maximize” the value.
He just publicly admitted Reddit is not profitable and he’s mad that third party apps are. That IPO is not going to go well lol.
They would have to show their books as part of an IPO anyway, and everyone already knows its not profitable. It’s not like he accidentally dropped a big secret here.