@Vent@lemm.ee to Reddit@lemmy.ml • 10 months agoReddit faces content quality concerns after its Great Mod Purgearstechnica.comexternal-linkmessage-square19fedilinkarrow-up1300arrow-down112cross-posted to: news@lemmy.worldtechnology@lemmy.worldsnoocalypse@lemmy.mlredditwasfun@lemmy.worldtechnology@lemmy.mlRedditMigration@kbin.socialreddit@lemmy.worldtechnews@radiation.party
arrow-up1288arrow-down1external-linkReddit faces content quality concerns after its Great Mod Purgearstechnica.com@Vent@lemm.ee to Reddit@lemmy.ml • 10 months agomessage-square19fedilinkcross-posted to: news@lemmy.worldtechnology@lemmy.worldsnoocalypse@lemmy.mlredditwasfun@lemmy.worldtechnology@lemmy.mlRedditMigration@kbin.socialreddit@lemmy.worldtechnews@radiation.party
minus-squareathos77linkfedilink12•10 months agoThe 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.
minus-square@theneverfox@pawb.sociallinkfedilinkEnglish7•10 months agoYeah, 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
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.
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