this post was submitted on 07 Jun 2023
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Technology
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Higher interest rates means less investment, resulting in these companies racing to make a profit. The reality is that Reddit is bleeding money and has been for years, and Twitter is barely profitable.
Where do you see this information on their profits?
There isn't much public information because all those companies are private. But, various journalists have looked into things and declared it isn't profitable, for example:
https://www.ft.com/content/c4c01d86-85f5-49c8-9966-cbf935d834a2
Awesome. Thanks for the follow up. Crazy how hard it is to find. I’m sure their income is enough to pay them decent wages though. Not the moderators though, screw those people