this post was submitted on 28 Feb 2024
135 points (93.5% liked)

Reddit

13658 readers
2 users here now

founded 5 years ago
MODERATORS
135
submitted 10 months ago* (last edited 10 months ago) by spider@lemmy.nz to c/reddit@lemmy.ml
 

Reddit kind of anticipates this critique in its investor docs, and argues that it didn't really start operating as a serious business until 2018 when it finally started "meaningful monetization efforts" โ€” that is, trying to make money for real.

But that's still six years ago. What has Reddit been doing since then?

One big, obvious answer: It has been hiring a lot of engineers and spending a lot of money on their salaries...

...What am I missing? I asked Reddit comms for comment but they declined, citing the company's quiet period before the IPO.

Internet Archive capture

you are viewing a single comment's thread
view the rest of the comments
[โ€“] agressivelyPassive@feddit.de -2 points 10 months ago

Yeah, why would you engage with someone who suggests that 200k per year might not be a fair wage?