Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API

  • Captain_Patchy@lemmy.worldEnglish
    321·
    1 year ago

    Reddit isn’t profitable, despite having a billion dollars in advertising dollars coming in every year? And someone thinks that spez should remain in charge?

    • cyanarchyEnglish
      15·
      1 year ago

      My gut reaction is that a multimedia website the size of reddit must be a juggernaut of server and hosting expenses.

      • DilipaEli@lemmy.worldEnglish
        7·
        1 year ago

        Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.

          • ikidd@lemmy.worldEnglish
            3·
            1 year ago

            Imgur started out as a convenient way to host images for Reddit, but Reddit did everything they could to make sure Imgur didn’t stay that way. That’s why they introduced their shitty inhouse image hosting.

            Imgur just kinda goes on by itself now, fairly successfully it seems.

        • cyanarchyEnglish
          1·
          1 year ago

          I didn’t mean to imply they were good at it, just that the volumes of data involved are certainly not trivial.