• RaoulDuke@lemmy.worldOP
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    1 year ago

    Never mind that he publicly said that the company has never been profitable.

    That is always going to the biggest issue, it doesn’t matter how happy, or unhappy, they make the users, the current business strategy just isn’t profitable.

    • bionicjoey@lemmy.ca
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      1 year ago

      It may not have been profitable, but it used to at least be sustainable. Remember the old “Gold meter”? Reddit Gold was able to more or less cover server costs, back when the Reddit team was lean. The problem is that they ballooned to 2000 employees and tried to compete with Instagram and Twitter.