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this post was submitted on 02 Jul 2023
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Yeah exactly — Reddit hasn’t been profitable ever. Probably explains why they fired the person who actually was hired to do celebrity AMAs and leaving it to volunteers. Celebrity AMAs are probably one of the better ways to attract attention, but of course are pretty expensive.
Personally, I would have thought AMAs made more (and more reliable) income for Reddit than they're likely to get from the API. A lot of AMAs are associated with PR campaigns, which I think means Reddit gets paid for them.