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Reddit is a vast money-pit for Conde Nast. Really? How much does CN lose annually on Reddit?
by pg 15y ago
Reddit is a vast money-pit for Conde Nast.
Really? How much does CN lose annually on Reddit?
- moe 15y agoHey, they recently doubled the headcount of their sysadmin team!
- jdietrich 15y agoFair enough PG, that was bang out of order. That said, Reddit does look to be in a bad way. They're experiencing chronic and severe downtime, mainly as a result of technical debt - AWS can only take so much blame when firms like Netflix got through the outage fine. Even when AWS isn't undergoing major outages, "emergency read-only mode" has become rather too common. When two members of a three-man developer team quit at roughly the same time, that's a warning sign. Reddit looks to me to be in a similar situation to 4chan - a huge, highly influential user base that is actively hostile to monetisation. It looks to me like the best case scenario is that Nast is deliberately smothering Reddit - all the other explanations for their current problems bode much worse.