Reddit CEO Admits "we are not profitable" right before upcoming IPO : reddit

this post was submitted on 09 Jun 2023

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submitted 2 years ago by Technoguyfication@kbin.social to c/reddit@lemmy.ml

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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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[–] mrmanager@lemmy.today 12 points 2 years ago (4 children)

Moar ads!

[–] TendieMaster69@sh.itjust.works 14 points 2 years ago (3 children)

Maybe if they put ads inside of the ads they'll get more revenue.

[–] fallendusk@lemmy.ml 7 points 2 years ago

Then put ads inside those ads, that’s like profit^3^

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