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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[–] DilipaEli@lemmy.world 7 points 1 year ago (6 children)

Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.

[–] TheEllimist@lemmy.world 4 points 1 year ago (4 children)

Reddit bought imgur though, didn't they? So that's part of their expenses.

[–] kien@lemmy.world 2 points 1 year ago (1 children)

When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.

[–] TheEllimist@lemmy.world 1 points 1 year ago

Ok, I wasn't sure, hence the question mark.

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