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Reddit CEO assures employees that API pricing protests haven’t hurt revenue (arstechnica.com)

submitted 1 year ago by halo5 to c/lemmyworld

24 comments fedilink hide all child comments

I wonder how many moderators may adjust their protest time frame as a result of this comment...

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[–] elf 22 points 1 year ago (2 children)

Wasn't this goober just saying reddit wasn't profitable? What revenue lol?

[–] [email protected] 14 points 1 year ago (1 children)

Profits are revenue minus expenses. If all the revenue goes into garbage like nfts and new reddit (or up spez's nose) there can be a lot of revenue but no profit.

[–] elf 3 points 1 year ago

Ah, well said. Thanks for clarifying!