I’m really enjoying lemmy. I think we’ve got some growing pains in UI/UX and we’re missing some key features (like community migration and actual redundancy). But how are we going to collectively pay for this? I saw an (unverified) post that Reddit received 400M dollars from ads last year. Lemmy isn’t going to be free. Can someone with actual server experience chime in with some back of the napkin math on how expensive it would be if everyone migrated from Reddit?
I suspect reddit’s reported uprofitablity isn’t due to the cost of hosting, but from blowing money in other ways.
Back in the day, Reddit used to show how much of their server costs were being covered by Reddit gold revenue alone. It was basically always enough to cover daily usage.
We don’t even know for a fact if they are truly unprofitable or not, it’s not like anyone here has reviewed their books.
No, but it would be extra stupid for Spez to say that if it weren’t true because it could affect investments and draw legal action.
Hookers and blow, right? It’s always hookers and blow
Spez is definitely on something, that’s for sure.
I wonder how much reddit wasted on the nft avatar garbage.
Their hosting costs also rose exponentially when they decided to host their own videos and pictures.
Which they could have locked behind Reddit Gold or some pay-tier. /shrug