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Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway (edition.cnn.com)
submitted 9 months ago by ZeroCool@slrpnk.net to c/reddit@lemmy.ml
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[-] S_204@lemm.ee 18 points 9 months ago

That motherfucker for 800k for THAT performance last year? I've never seen a blow up like he oversaw...how the fuck does that get you a bonus?

[-] ProtonBadger@kbin.social 7 points 9 months ago* (last edited 9 months ago)

There was no blowup, Reddit both received more funding and their advertising earnings increased. A 21% revenue growth in 2023, I'd say also active user growth but I'm not entirely sure.

[-] Omegamanthethird@lemmy.world 2 points 9 months ago

He's paid to be the face that everyone blames.

this post was submitted on 24 Feb 2024
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