this post was submitted on 07 Jul 2023
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662
Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by [email protected] to c/[email protected]
196 comments fedilink hide all child comments
 

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] 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.

[–] [email protected] 4 points 1 year ago (4 children)

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

[–] [email protected] 2 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago

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

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