Reddit Migration

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founded 1 year ago

From @christianselig@mastodon.social on the #RedditBlackout: (media.kbin.social)

submitted 1 year ago by tchambers@kbin.social to c/RedditMigration@kbin.social

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[–] nude@kbin.social 0 points 1 year ago (1 children)

Its pretty wild though that he claimed that reddit isnt profitable right now if they are indeed planning on an IPO in the near future.
I know the world has a short memory, but its a pretty bad claim for a CEO to make who wants to sell off the platform

[–] ivanafterall@kbin.social 1 points 1 year ago* (last edited 1 year ago)

Especially as the platform is actively losing members. Even if you bank on maintaining a large enough number, you've admitted the company wasn't profitable even before it's challenges. What chance is there of profitability this late into the game, if that's the case!?