this post was submitted on 09 Jun 2023
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Technology

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[–] mara@pawb.social 17 points 1 year ago (2 children)

spez confirmed Reddit isn't profitable

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

[–] Jdreben@beehaw.org 21 points 1 year ago

Unlike some 3P apps, we have been extremely wasteful with the excessive amount of funding we've raised. 🙄

[–] kitonthenet@kbin.social 9 points 1 year ago (1 children)

I call bs tbh, but I guess we'll see when the IPO happens

[–] mara@pawb.social 11 points 1 year ago

They've been trying to IPO since 2021 lol, it's not gonna happen