this post was submitted on 09 Jun 2023
196 points (100.0% liked)

Reddit

13435 readers
1 users here now

founded 5 years ago
MODERATORS
[email protected]
196
Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
submitted 1 year ago by [email protected] to c/[email protected]
73 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 year ago

These are the steps the current admins are following:

  • get VC investors for public IPO
  • go public
  • watch stock price go up initially
  • cash out and move to a country with no extradition treaty with the US
  • laugh ass off and wipe ass with $100 bills