this post was submitted on 07 Jul 2023
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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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

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[–] circuitfarmer@lemmy.sdf.org 25 points 1 year ago* (last edited 1 year ago)

FOSS does not have an inherent detriment versus corporate products. If enough people want to do it, development of FOSS can in principle move just as quick or quicker than corporate development (and more efficiently too).

The recent interest in Lemmy, largely thanks to Reddit's incompetence, means that not only is the core software moving very quickly but the app scene is growing quickly as well.