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Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years
(www.forbes.com)
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this post was submitted on 28 Feb 2024
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I am curious. If you were a Chief officer or VP or something. What kind of changes would you do to make it profitable? Reduce server count? Roll back old.reddit? Just cut overhead? Get rid of Spez? How can they possibly make it profitable given where they are now?
If reddit allowed third party apps again that would probably be enough to get me back. Maybe in another 5 years it won't but right now Lemmy only wins cause the reddit app experience is bad enough to drive me away.
Yeah, turned out I was actually more loyal to the app I was using than I was to the platform. Though I was also pretty good to the platform, I contributed and interacted daily and often spent money buying gold. I tend to take the attitude that if I'm getting a lot of use out of something I don't mind spending a little to support it. That's all in the past now and I wonder how many other paying users they burned.