this post was submitted on 09 Jun 2023
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Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)
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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[–] offthecrossbar@beehaw.org 2 points 2 years ago

Well said. Honestly while I'm sure many, especially those that have made it here, would have paid an ongoing subscription for a perpetually unshittified Reddit / other social media, the VAST majority of users are going to flock to a free version. We didn't get where we are by accident.