this post was submitted on 07 Jul 2023
1107 points (97.1% liked)

Technology

59581 readers
4785 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago

I figure they're trying to say they risk losing their user base, of which they only lost about 3%. But yeah it's identity began to transition to it's lesser form of today when they launched the official app, back in 2016.