this post was submitted on 07 Jul 2023
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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by L4s to c/technology
184 comments fedilink hide all child comments
 

Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[–] [email protected] 12 points 1 year ago

I remember when reddit gold was there to pay server costs. There was a little bar on the side to show how much % was covered per day. I had it for quite awhile. But then I hit financial trouble and had to cancel. By the time I could afford to give back they got greedy and I couldn't in good faith keep giving them money.

Reddit could have been a non-profit like Wikipedia. But they wanted all the money.