this post was submitted on 15 Jun 2023
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Imagine your entire website gets moderated for free and you still can't turn a fucking profit.
No only does it get moderated for free, but the users also provide the content for free - or link to articles that other people have written for free (or at least no cost to you)! Dumbasses have wasted piles of cash creating features like Reddit live, followers, and chat - that no one actually wants. In the meantime, they've gotten rid of the employees that were the most visible and valuable to the community (Victoria). What a cluster fuck.
That's probably not what is happening. Reddit sounds like it is basically a spac now and they're probably losing money on their other ventures.