plazman30
plazman30@lemmy.world
Joined
3 posts • 13 comments
https://seekingalpha.com/article/4477033-reddit-unprofitable-despite-growth
Nevertheless, like many IPOs, Reddit remains unprofitable. The question for investors is whether Reddit can achieve minimum viable economies of scale and achieve profitability. So far, there are no indications that this will happen.
There are few other sources that say reddit is unprofitale.
This change sucks. But, from what I read, Reddit have NEVER been profitable. If they were smart, they would modified the API so it included ads. I don’t think Reddit is long for this world. Even if these protests were effective, reddit is eventually going away. They’re too big to make a profit now.