The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit
Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.
Al the “disrupt the system” tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.
Twitter has been around forever, and never turned a profit.
That didn’t stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.
Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.
Yep.
Al the “disrupt the system” tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.
Twitter has been around forever, and never turned a profit.
That didn’t stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.
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If they can’t make a profit now I’m not sure how they expect to get more and more profits every year / quarter for the investors to pocket.