Reddit seeks to launch IPO in March (www.reuters.com)

submitted 2 years ago by Hooverx@lemm.ee to c/worldnews@lemmy.ml

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[-] sylver_dragon@lemmy.world 29 points 2 years ago

The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

[-] givesomefucks@lemmy.world 12 points 2 years ago

Yep.

Al the "disrupt the system" tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.

Twitter has been around forever, and never turned a profit.

That didn't stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.