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

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

  • lackthought@lemmy.sdf.orgEnglish
    2·
    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