this post was submitted on 08 Jun 2023
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Technology
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He just admitted, just as they're trying to IPO, that they're still not profitable. If these third party apps that make up a fraction of their users -- their most engaged, active users, by the way -- are the difference between profit and loss, they need a better model.
If it is true than he literally shot himself in the foot.
Just like you said if it is true that the "1-3%" of the users that use 3rd party apps (by spez his word) can actually provide a profit for the 3rd party apps and the 90+% that uses official reddit channels still cannot... then they have a very big problem.
I wouldn't even be surprised though. His whole demeanor reeks of jealousy and contempt.
The fact that a 3rd party app was actually featured on the Apple event multiple times and name dropped multiple times as "the" way to use reddit, has to absolutely sting as hell.
Edit; experiencing some lag ;)
deleted by /u/spez