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A comment on Thousands of subreddits pledge to go dark after the Reddit CEO’s recent remarks. Parent comment

Re:Thousands of subreddits pledge to go dark after the Reddi... by adrianN on Sunday June 11, 2023 @03:14AM (#36279001)
Is a company that exists for a decade without turning a profit really a for-profit entity? It looks more like a robin hood scheme to distribute investor money to developers.
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Re:Thousands of subreddits pledge to go dark after the Reddi... by Mistletoe on Sunday June 11, 2023 @04:13AM (#36279321)
> According to CEO Steve Huffman, who hosted an Ask Me Anything (AMA) this afternoon, the company has never been profitable.

Why would anyone invest in this IPO they are trying so hard to make happen? I can’t think of anything left for them to do after this length of time to become profitable. The only things left are the things they are doing that alienate the user base. It seems Reddit is Uber and WeWork with a different hat on.

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