Re:Reddit Is Killing 3rd-Party Apps, the Best Way to Read th...
by makestuff on Friday June 02, 2023 @11:44AM
(#36166699)
Does Reddit actually make any money though or do they run in the red?
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Re:Reddit Is Killing 3rd-Party Apps, the Best Way to Read th...
by ruleforty on Friday June 02, 2023 @11:58AM
(#36166845)
It’s looking like the answer to your question is probably blood red: https://www.msn.com/en-us/money/savingandinvesting/fidelity-...
Re:Reddit Is Killing 3rd-Party Apps, the Best Way to Read th...
by makestuff on Friday June 02, 2023 @01:24PM
(#36168090)
Yeah so OPs point about "making plenty of money" isn't really true. Now, I'm sure they could pull a twitter and layoff 75% of the company and reach profitability.
Re:Reddit Is Killing 3rd-Party Apps, the Best Way to Read th...
by lyu07282 on Saturday June 03, 2023 @03:09PM
(#36179610)
No this is the entire point I'm making, they are not interested in creating a sustainable infrastructure for the internet, they want investors they want to IPO they want to grow and grow and grow. If they destroy themselves in the process it's a bet everyone invested along the way is perfectly fine with, demanding even. The entire structure of this is cancerous.
Re:Reddit Is Killing 3rd-Party Apps, the Best Way to Read th...
by makestuff on Wednesday June 07, 2023 @10:24AM
(#36227159)
Yeah I get your point now, I agree the entire grow at all costs is not good for building a sustainable company. Investors are never happy with normal growth rates, they want exponential growth which isn't possible after a certain point without ruining your product.