Reddit CEO Admits "we are not profitable" right before upcoming IPO : reddit

this post was submitted on 09 Jun 2023

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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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[–] SmugBedBug@sh.itjust.works 48 points 1 year ago* (last edited 1 year ago) (3 children)

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

Maybe fix your product before you expect the money to come pouring in.

[–] Technoguyfication@kbin.social 21 points 1 year ago (1 children)

That would require reddit to make good decisions, which they've repeatedly demonstrated is impossible

[–] Br0qm@sh.itjust.works 6 points 1 year ago

It's not impossible, they've just chosen not to. That says more than any AMA

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