this post was submitted on 28 Feb 2024
851 points (97.8% liked)

Technology

59677 readers
3257 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
851
Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years (www.forbes.com)
submitted 9 months ago by [email protected] to c/[email protected]
194 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 86 points 9 months ago* (last edited 9 months ago) (3 children)

The premise of the question is flawed in my opinion. It only needs to be profitable because they put themselves in that situation by going public.

A social platform run by users should only need to break even. I have no idea why a web forum needs to be on the stock market.

Now it's another example of Enshittification of the internet.

[–] [email protected] 12 points 9 months ago (1 children)

That's why I said given where they are now, how would it even be possible. What can they do outside of raise prices of reddit stickers or ad-free reddit.

[–] [email protected] 26 points 9 months ago (1 children)

Yeah that's fair.

Merchandising is the only palatable idea I can think of.

More likely to happen:

  • Twitter's verified user subscription strategy

  • More ad posts with paid-priority (priority hidden from users)

  • Layoffs with AI as miracle cure

  • Selling user data for AI training (check)

  • Paid API access (check)

But it's really hard to ignore that its function isn't really designed for profit and it's wacky that we have to humor the idea.

[–] altima_neo 12 points 9 months ago

Ironically, if they charged moderators to be moderators, theyd probably pay for it. Some of those people were nuts.

[–] [email protected] 2 points 9 months ago

It needs to become profitable because it was unprofitable for 20 years. Would you dump millions into something that doesn't even have the chance to make you money in the first place? Reddit wouldn't even exist anymore.

[–] [email protected] 2 points 9 months ago

And not follow the quest for unending profit no matter the consequences? That sounds like some socialism shit /s