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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)

submitted 2 years ago by [email protected] to c/[email protected]

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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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[–] [email protected] 12 points 2 years 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.