this post was submitted on 12 Jun 2023
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Reddit Migration
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@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
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.
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
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!?