When will the company make money? After two decades, it still can’t say. And there are enough other red flags that investors might want to be wary.
  • jettrscga@lemmy.worldEnglish
    882·
    8 个月前

    The premise of the question is flawed in my opinion. It only needs to be profitable because they put themselves in that situation by going public.

    A social platform run by users should only need to break even. I have no idea why a web forum needs to be on the stock market.

    Now it’s another example of Enshittification of the internet.

    • PatFusty@lemm.eeEnglish
      12·
      8 个月前

      That’s why I said given where they are now, how would it even be possible. What can they do outside of raise prices of reddit stickers or ad-free reddit.

      • jettrscga@lemmy.worldEnglish
        26·
        8 个月前

        Yeah that’s fair.

        Merchandising is the only palatable idea I can think of.

        More likely to happen:

        • Twitter’s verified user subscription strategy

        • More ad posts with paid-priority (priority hidden from users)

        • Layoffs with AI as miracle cure

        • Selling user data for AI training (check)

        • Paid API access (check)

        But it’s really hard to ignore that its function isn’t really designed for profit and it’s wacky that we have to humor the idea.

        • Altima NEO@lemmy.zipEnglish
          12·
          8 个月前

          Ironically, if they charged moderators to be moderators, theyd probably pay for it. Some of those people were nuts.

    • Syntha@sh.itjust.worksEnglish
      31·
      8 个月前

      It needs to become profitable because it was unprofitable for 20 years. Would you dump millions into something that doesn’t even have the chance to make you money in the first place? Reddit wouldn’t even exist anymore.