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submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] DilipaEli@lemmy.world 6 points 2 years ago

Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.

[-] TheEllimist@lemmy.world 3 points 2 years ago

Reddit bought imgur though, didn't they? So that's part of their expenses.

[-] kien@lemmy.world 2 points 2 years ago

When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.

[-] TheEllimist@lemmy.world 1 points 2 years ago

Ok, I wasn't sure, hence the question mark.

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this post was submitted on 07 Jul 2023
1092 points (97.2% liked)

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