this post was submitted on 07 Jul 2023
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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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

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[–] Fluffyb@lemmy.nz 12 points 1 year ago

I remember when reddit gold was there to pay server costs. There was a little bar on the side to show how much % was covered per day. I had it for quite awhile. But then I hit financial trouble and had to cancel. By the time I could afford to give back they got greedy and I couldn't in good faith keep giving them money.

Reddit could have been a non-profit like Wikipedia. But they wanted all the money.