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- cross-posted to:
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- [email protected]
Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API
I remember when reddit gold was there to pay server costs. There was a little bar on the side to show how much % was covered per day. I had it for quite awhile. But then I hit financial trouble and had to cancel. By the time I could afford to give back they got greedy and I couldn’t in good faith keep giving them money.
Reddit could have been a non-profit like Wikipedia. But they wanted all the money.