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Explaining the site shut down would be this: "Over the years we've evolved a business model that depends heavily on hundreds of volunteers who work in exchange
by hoopd 11y ago
Explaining the site shut down would be this:
"Over the years we've evolved a business model that depends heavily on hundreds of volunteers who work in exchange for site privileges like banning people they don't like. Some of these volunteers became upset yesterday. We're still rich, they still have nowhere else to go."
- dudul 11y agoI'm completely baffled to see that a bunch of imbeciles happily work for free for this company and help them make money through ads.
- nness 11y agoThey're not exactly rich, Reddit doesn't share revenue but its expected that they have yet to get into the black.
- PhantomGremlin 11y agoYou never know about private funding rounds. It's certainly possible that Ohanian and other early founders/investors received some "fuck you money" from the latest investors. It might not be a lifechanging amount. But having an extra $1,000,000 in the bank might be enough to buy some popcorn that tastes good?