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submitted 6 months ago by [email protected] to c/[email protected]

Reddit has never turned a profit in nearly 20 years, but filed to go public anyway::Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.

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[-] [email protected] 168 points 6 months ago* (last edited 6 months ago)

Problem is the entire concept of a site like reddit being "for profit" in the first place.

I know we all wax nostalgic about the old non-centralized Internet with its various small websites and forums, but one thing I do genuinely miss from those days was that those places existed because the people running them wanted them to exist. They had ads or took donations to keep the lights on, but no one was looking to get rich. Passion, not profit.

The decentralized internet was run more by people, the centralized internet is run by board rooms.

That's why I like the idea of the fediverse. That is why this place feels familiar to those early days.

[-] [email protected] 49 points 6 months ago

I still remember clicking a bunch of irrelevant ads for knives and other weird shit on a forum I visited regularly because the owner said they get slightly more money when ads get clicked on site.

I'm doing my part!

[-] [email protected] 29 points 6 months ago

And in the days before tracking cookies, doing that didn't ruin all the ads you'll ever see again

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this post was submitted on 24 Feb 2024
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