this post was submitted on 18 Jun 2023
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Reddit's CEO outright admitted that their own app was "never profitable", while also complaining third party's apps were making money from the same content.
If I was an investor, I'd absolutely want a good explanation for why Reddit isn't able to make their own app profitable, while other Reddit apps can do just that.
3rd party reddit apps aren't bogged down resource hogs meant solely to preload videos of "he gets us" propaganda. Do the investors even use the default reddit app? Of course not!