this post was submitted on 12 Jun 2023
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Reddit Migration

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### About Community Tracking and helping #redditmigration to Kbin and the Fediverse. Say hello to the decentralized and open future. To see latest reeddit blackout info, see here: https://reddark.untone.uk/

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[–] [email protected] 0 points 1 year ago (1 children)

@LChitman I'm sure this was intended to get rid of the users that aren't easy to qualify into revenue.

@tchambers @mookman288 @DAVENP0RT @onceitbegins @nude

[–] [email protected] 0 points 1 year ago (1 children)

Absolutely, I agree. Whether or not it is good or successful, I reckon the owners will consider Reddit more marketable to advertisers in a couple of months. The 'milquetoasting' of Reddit has been going on for a long old time now but I think they're close to their endgame.

[–] [email protected] 0 points 1 year ago (1 children)

Its pretty wild though that he claimed that reddit isnt profitable right now if they are indeed planning on an IPO in the near future.
I know the world has a short memory, but its a pretty bad claim for a CEO to make who wants to sell off the platform

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

Especially as the platform is actively losing members. Even if you bank on maintaining a large enough number, you've admitted the company wasn't profitable even before it's challenges. What chance is there of profitability this late into the game, if that's the case!?