3 ms·
It's not even profitable _now_ with all their monetization. But their overhead is millions of $/year. There is precedent for non-profit sites of that size but i
by rjh29 3y ago
It's not even profitable _now_ with all their monetization. But their overhead is millions of $/year. There is precedent for non-profit sites of that size but it won't be easy.
- scythmic_waves 3y agoHonestly with the amount of charity fundraising that reddit does, I bet they could pull it off. Just recently someone accidentally gave $15k to charity and in response, a bunch of users raised an additional $55k [1]. If they did intentional, annual fundraising with clear goals I wouldn't be surprised if reddit the non-profit organization could be self-sustaining. But I'm just some guy on the internet who doesn't actually know anything about non-profits. [1]: https://www.reddit.com/r/BestofRedditorUpdates/comments/1456a9v/tifu_by_donating_15041_to_a_poor_community_in/ https://www.reddit.com/r/BestofRedditorUpdates/comments/1456...