this post was submitted on 09 Jun 2023
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Reddit

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Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
submitted 2 years ago by [email protected] to c/[email protected]
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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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[–] [email protected] 2 points 1 year ago (1 children)

Well, TikTok is the most recent contender. ByteDance is a private Chinese company though, so it’s hard to get accurate numbers.

[–] [email protected] 1 points 1 year ago

Yeah, there are a few Chinese apps that may be profitable like Weibo, WeChat, TikTok, etc. But, it's hard to really know. Also, the ones that are China-based may not be profitable outside China. Like, apparently WeChat is more a platform than a social media app, and people use it for payments, gaming, and all kinds of other things. That might not translate to any other country.