Re:Reddit CEO doubles down on attack on Apollo developer in ...
by rjh29 on Friday June 09, 2023 @06:25PM
(#36265101)
It's not even profitable _now_ with all their monetization. But their overhead is millions of $/year. There is precedent for non-profit sites of that size but it won't be easy.
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Re:Reddit CEO doubles down on attack on Apollo developer in ...
by scythmic_waves on Friday June 09, 2023 @06:55PM
(#36265420)
Honestly with the amount of charity fundraising that reddit does, I bet they could pull it off. Just recently someone accidentally gave $15k to charity and in response, a bunch of users raised an additional $55k [1]. If they did intentional, annual fundraising with clear goals I wouldn't be surprised if reddit the non-profit organization could be self-sustaining.
But I'm just some guy on the internet who doesn't actually know anything about non-profits.
[1]: https://www.reddit.com/r/BestofRedditorUpdates/comments/1456...
Re:Reddit CEO doubles down on attack on Apollo developer in ...
by bombcar on Friday June 09, 2023 @07:33PM
(#36265785)
I also suspect their tech stack is a huge ball of bloated inefficiencies that costs them much much much more than the bare metal and the bandwidth would.