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

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

  • AccidentalLemming@lemmy.worldEnglish
    11·
    1 year ago

    The more I read stories about Reddit cutting off third-party clients, Twitter turning hostile and YouTube trying to kick out people who run an adblocker, the more I start to think these media platforms should be run by non-profit entities. Fund it with donations, open source all the technical components.

    • DeanFogg@lemm.eeEnglish
      9·
      1 year ago

      The internet should be a utility so I kinda like where you’re going here

    • lackthought@lemmy.sdf.orgEnglish
      2·
      1 year ago

      Fund it with donations, open source all the technical components

      reddit did both of those originally

      but when they started taking private VC money they had to start making returns on that investment which spiraled into the current situation