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Reddit faces content quality concerns after its Great Mod Purge (arstechnica.com)
submitted 3 years ago by to c/reddit@lemmy.ml
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[–] 24 points 3 years ago (1 child)

They were doing mostly okay before with premium and donations. It's just that they want even more money.

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  • [–] 12 points 3 years ago (1 child)

    The weird thing is that if spez hadn't spent tens of millions of dollars on things that reddit kept telling him they didn't want - reddit crypto, reddit NFTs, etc - they likely would've been profitable way before now.

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  • [–] 7 points 3 years ago

    Yeah, they could've been profitable a long time ago if they grew the staff slowly and kept their head down

    But they wouldn't be Facebook level profitable. Their investors don't care much about them being profitable, they want 100x or bust

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