Apollo will close down on June 30th

Re:Apollo will close down on June 30th by xmprt on Thursday June 08, 2023 @02:41PM (#36246599)

Because I'm not so sure that it's true. Reddit isn't massively profitable but it also doesn't have to lose a ton of money. IIRC they were able to run a much tighter ship and operate off of just Reddit Gold and ads for at least a decade before they started this recent hypergrowth phase

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Re:Apollo will close down on June 30th by hospitalJail on Thursday June 08, 2023 @03:03PM (#36246949)

I wonder how much of costs went up due to hosting their own images and videos.

A text website is easy to run.

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Re:Apollo will close down on June 30th by fkyoureadthedoc on Thursday June 08, 2023 @03:16PM (#36247145)

They probably spent more money on staffing rewriting into a shitty React SPA and then trying to address its dire performance.

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Re:Apollo will close down on June 30th by paradox460 on Thursday June 08, 2023 @04:42PM (#36248660)

13 years ago, when I worked part time for them, it was about 5 people, with support being provided by Condé Nast peeps. This was right during the middle of the Digg v4 exodus to reddit. I remember when reddit got its billionth pageview month

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