"I don't even know any serious contender to Reddit." Everyone is staying on Reddit, but they aren't interested in seeing ads or paying money for most things.

"I don't even know any serious contender to Reddit." Everyone is staying on Reddit, but they aren't interested in seeing ads or paying money for most things. The only reason it's lasted as long as it has is because it's owned by a much larger company that can cover the losses until it can actually turn a profit. Here is some info: in 2013: http://www.businessinsider.com/reddit-ceo-admits-were-still-in-the-red-2013-7 http://www.businessinsider.com/reddit-ceo-admits-were-still-... again in 2014: http://recode.net/2014/03/03/still-in-the-red-reddit-to-donate-one-tenth-of-ad-revenue-to-charity/ http://recode.net/2014/03/03/still-in-the-red-reddit-to-dona... You would think that a company getting millions of visitors per month would be able to turn a profit or at least break even. They've been scrambling over the past couple of years to turn a profit and still can't figure out a working business model. "t's like Facebook in its class, it's too entrenched, people are not going to move on to the next thing so easily" I remember people telling me the same thing about Myspace.