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Wasn’t reddit profitable a few years ago, until they took on a massive amount of extra VC money and hired more people to make their horrible new website? Seems
by josephg 3y ago
Wasn’t reddit profitable a few years ago, until they took on a massive amount of extra VC money and hired more people to make their horrible new website?
Seems like reddit could easily have been run indefinitely as it was at a modest profit and brought happiness to its users, employees and shareholders. But no, they got greedy and have tried to “shoot for the moon”. And now they need to squeeze more money out of their service to please their investors. In doing so, they’re making their product worse. (No, I don’t want to install their shitty official mobile app.)
Ugh. Someone please make a simple, clean reddit replacement that my communities can move to. Reddits actions here have been slimy and I don’t want to support them.
- emodendroket 3y agoI don’t think that would have brought happiness to the shareholders but otherwise I guess they could have pursued a low-growth strategy. That does kind of open the door to being leapfrogged, though.
- red-iron-pine 3y agoleapfrogged by what though? one of the problems right now is that there is no real alternative, and the federated platforms are mostly memes / hangouts for power-users.
- emodendroket 3y agoWho knows? Myspace seemed unbeatable for a while.