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Reddit is owned by a billion dollar company, and does not need to be profitable. Especially with all the marketing going through the front page every single day
by sergiotapia 11y ago
Reddit is owned by a billion dollar company, and does not need to be profitable. Especially with all the marketing going through the front page every single day, it's an advertisers paradise. I don't think they're hurting for money.
Contrary to popular belief Reddit is not some grass-roots operations.
- minimaxir 11y agoIt's been operationally independent since 2011: http://www.redditblog.com/2011/09/independence.html http://www.redditblog.com/2011/09/independence.html
- codingdave 11y agoIt is an interesting definition of independent - they are still owned by another company, and have a minority on the board of directors. Sure, they are off-leash now, and have been for years. And that may even be the long-term intent. But if someone owns you, they can always change the status quo.
- aspir 11y ago> Reddit is owned by a billion dollar company, and does not need to be profitable. Tell that to Myspace. A property as expensive as reddit has to have a clear road to profitability or it's going to get the axe. Conde Nast isn't running a charity.