5
From @christianselig@mastodon.social on the #RedditBlackout:
(media.kbin.social)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Jun 2023
5 points (100.0% liked)
Reddit Migration
16 readers
1 users here now
### 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/
founded 2 years ago
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!?