• sylver_dragon@lemmy.world
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    8 months ago

    The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

    Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

    • gregorum@lemm.ee
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      8 months ago

      spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…

    • Pyr_Pressure@lemmy.ca
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      8 months ago

      If they can’t make a profit now I’m not sure how they expect to get more and more profits every year / quarter for the investors to pocket.