Re:Reddit raises $410M in new funding
by allochthon on Thursday August 12, 2021 @05:41PM
(#28161902)
Reddit is one of the sites I use the most. I hope they can figure out a financially sustainable model without becoming obnoxious or, eventually, being bought up by a private equity firm.
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This already happened, Condé Nast bought and then spun off reddit when they failed to monetize it. Reddit has to thread a needle to monetize and not kill its user base. I wager it’s impossible.