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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[–] Ddhuud@lemmy.world 1 points 1 year ago

I figure they're trying to say they risk losing their user base, of which they only lost about 3%. But yeah it's identity began to transition to it's lesser form of today when they launched the official app, back in 2016.