There used to be at least an expectation that giant companies allowed for some amount of loss in the name of giving back to the public which made them big in the first place. Is corporate philanthropy dead?
this post was submitted on 13 Jun 2023
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I think for philanthropy to even be a possibility your company needs to be profitable first. Reddit has never been profitable.
But I get your sentiment.
Social media can't effectively be monetized without sapping it of most of what makes it usable and interesting.
This has been the problem since the earliest days and its why it was always indie operators or ISPs running these as part of a protocol not some giant cloud database with one person holding the key. Whats happened the last 20 years is VC funded madness to replace the commons.
its a beautiful thing, people still are people, it just takes a bit to push on them. reddit wont be gone after this but many of us are never going back.
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