this post was submitted on 09 Jun 2023
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Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
submitted 1 year ago by Technoguyfication@kbin.social to c/reddit@lemmy.ml
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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.

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[–] socsa@lemmy.ml 5 points 1 year ago (1 children)

Nobody "decided" that. Paid subscription services have been around just as long as ad support. The ad support model grew organically out of the converging desires of users to have unfettered access to content, and the desires of advertisers to have unfettered access to new monetization opportunities.

[–] offthecrossbar@beehaw.org 2 points 1 year ago

Well said. Honestly while I'm sure many, especially those that have made it here, would have paid an ongoing subscription for a perpetually unshittified Reddit / other social media, the VAST majority of users are going to flock to a free version. We didn't get where we are by accident.