3 ms·
> According to the CEO, Reddit is losing money. It won't survive long-term if that doesn't change. If people care about reddit and its community, it seems like
by freediver 3y ago
> According to the CEO, Reddit is losing money. It won't survive long-term if that doesn't change. If people care about reddit and its community, it seems like that's what they should be thinking about.
You are correct. There are two ways to solve this. One is reducing expenses. How many paid employess would a site like reddit need? I would be surprised if that number was more than 50-100, and not surprsed if that number in reality is much higher.
Second is increasing revenue. Increasing the price for the API is probbly a wrong move as API increases distribution which is what you want. You do not want AI companies scraping and reusing content for model training for free, so you make separate terms for that.
Instead, you try with paid Reddit plans. Would be nice for users to own their piece of reddit and pay for their favorite scoial platform with some perks included (freemium). Also it does make sense for subreddits to pay a fee proportional to their membership after some threshold of say 1,000 users. After all, owning a huge subreddit give a lot of power in many ways. If I had a subreddit with 1,000,000 users I think I would pay $100-$1000/month to have that kind of distribution power.
- kemayo 3y agoWikipedia says they have 2,000 employees as of June, citing some stats from an article about their layoffs. (I do find it hard to pick how many employees a company "should" have, particularly since you need to account for things like HR / legal / advertising sales / etc...)