He might also not really have the ability to do that, either. If the board, controlled by VCs and entities that are looking to offload their stake in never-been-profitable Reddit want the company to go public, the company is going public. With or without spez.
I suspect that it’s not quite that simple. AFAIK, Reddit simply isn’t profitable, and they need to make it profitable. Or at least break even. Reverting to mean isn’t the answer, because they’d just keep losing money. But I don’t know what the real solution is. Obviously they advertise, but people using the non-official apps don’t see those, and people that use the old.reddit.com with layered ad blocking scripts also don’t see ads; that means those users are costing them money, and not earning them any money.
I don’t know what the solution is. Pissing off and losing a massive segment of your user base cuts costs, but also cuts your potential ad revenue.
Pissing off and losing a massive segment of your user base cuts costs, but also cuts your potential ad revenue.
They’re gambling on it not hurting their potential ad revenue at all. They’ll try to bolster their ranks with new users who are just looking for content streams and start doing whatever they can to squeeze as much shareholder value out of them as possible.
And so many assholes blaming mods for the situation, not the dickhead in charge that could easily stop everything by reverting the changes.
to be fair, he probably can’t really do that. If he did I would imagine that shareholders would just replace him.
Removed by mod
he could do it at the cost of having the company not go for IPO. but we all know he is after the moolah
He might also not really have the ability to do that, either. If the board, controlled by VCs and entities that are looking to offload their stake in never-been-profitable Reddit want the company to go public, the company is going public. With or without spez.
I suspect that it’s not quite that simple. AFAIK, Reddit simply isn’t profitable, and they need to make it profitable. Or at least break even. Reverting to mean isn’t the answer, because they’d just keep losing money. But I don’t know what the real solution is. Obviously they advertise, but people using the non-official apps don’t see those, and people that use the old.reddit.com with layered ad blocking scripts also don’t see ads; that means those users are costing them money, and not earning them any money.
I don’t know what the solution is. Pissing off and losing a massive segment of your user base cuts costs, but also cuts your potential ad revenue.
They’re gambling on it not hurting their potential ad revenue at all. They’ll try to bolster their ranks with new users who are just looking for content streams and start doing whatever they can to squeeze as much shareholder value out of them as possible.
Reddit should be like Wikipedia. Crowd sourced internet library/forum that begs for server costs a few times a year.
That reminds me - I need to donate to Wikimedia.