After they introduced reddit gold, they made enough money to finance the service beyond anyone’s lifetime. Now, all that money is gone.
Reddit has been mismanaged, just like almost every silicon valley or venture capitalist driven business. The goal isn’t to make a business profitable, let alone one that is sustainable or serves society, the goal is to meet a certain arbitrary metric that only serves shareholders at the expense of anything and everyone else.
After they introduced reddit gold, they made enough money to finance the service beyond anyone’s lifetime. Now, all that money is gone.
Reddit has been mismanaged, just like almost every silicon valley or venture capitalist driven business. The goal isn’t to make a business profitable, let alone one that is sustainable or serves society, the goal is to meet a certain arbitrary metric that only serves shareholders at the expense of anything and everyone else.