WE HAD A GOOD THING YOU STUPID SON OF A BITCH!
We had 3PA's, we had all the free labor in the world, just from passionate people who wanted to share the things they love, we had bots to fight spam, and extremely talented developers who made your stupid website work on mobile. It all ran like clockwork, if you could have just shut your mouth we'd all be fine right now.
But no, you just had to blow it up. YOU, AND YOUR GREED AND YOUR EGO.
Edit: grammar
Absolutely agree. According to a few articles, reddit isn’t that profitable. But apart from paying for servers, what overhead do they have? Most all of the mods were volunteers. Content creators are volunteers (I mean, we’re the content creators after all). Now after having some (still very little) experience with Lemmy, most of the cost goes to the servers, which many of the server hosts here are posting patreons in order to keep things running which I think is great! I love that setup. I’d have no problem paying a small amount to help with hosting.
Think of Wikipedia… they’re still a donation only website. If that site turns to only seek profit it would really shift the way Wikipedia works and what it presents.
Reddit had reddit premium, buying those awards and stuff and the ad revenue. I’d really really like to see how it isn’t profitable unless the higher ups are just greedy and are expecting millions of dollars for sending their people to go to board meetings.
I am unsure how many ppl they had employed. I read they let go of 5% of the developers. So I guess a lot of money is put there. But I am unsure how much they work on stuff that we as users can see. Growing a business cost a lot of money so much that most just sell their company (merge) so an other company can help out with that who have already grown and got the money. I heard they wanted to go public, so I guess there will be an other meme stock soon 😂
I am fine with them asking for money but they should ask for something that makes sense not so much so in a year it would cost 20M...
At some point last year they had 1400 employees. One thousand fucking four hundred.
For a link aggregation site.
It was 2000 when they just let go of 5% of them.
Holly shit!!! That is a lot! How were they even able to have so many ppl? I thought they were max 50 maybe even only 20 lol
Reddit is one of the most trafficked website on the internet. Their infrastructure department alone is likely hundreds of people. Their non-infrastructure developers is probably also in the hundreds. Technology operations another few dozen. Security/cyber another few dozen. General technology staff probably makes up well over half of their payroll. Then consider HR, legal, regulatory-related positions, facilities, etc. it can add up quickly.
Yeah. I really wonder why they are not profitable, lol.
lolll are these the fucks i've been arguing with for the last year
That's called the "fuck you" price. He knew how ridiculous that price was. He didn't negotiate with the 3rd party devs to try and find a solution that let's reddit earn a profit on API access and lets the devs earn a share for themselves. The whole thing was meant to burn the devs with the pipe dream that reddit could charge the ML/AI corps to train off our conversations. That horse left the barn 2 years ago.
They probably have a bunch of useless "business analysts" who are trying to keep their teams' morning meetups while calculating how fucked they are.