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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[–] Sharpiemarker@feddit.de 8 points 1 year ago

I don't know if I'd call it a fumble so much as a death march. They know what they're doing is wildly unpopular, they know they'll hemorrhage users, and they never change course. Full steam ahead with the Titanic.