this post was submitted on 08 Jun 2023
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Technology

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just so this doesn't overwhelm our front page too much, i think now's a good time to start consolidating discussions. existing threads will be kept up, but unless a big update comes let's try to keep what's happening in this thread instead of across 10.

developments to this point:

The Verge is on it as usual, also--here's their latest coverage (h/t @[email protected]):

other media coverage:

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[–] [email protected] 54 points 1 year ago* (last edited 1 year ago) (11 children)

There was a response on the AMA where u/spez said "Reddit would always be profit driven and currently does not make a profit. Unlike TP apps"

You can no longer see this on the Reddit app, it is obscured in someway. Perhaps because of the potential impact for the IPO?

[–] [email protected] 34 points 1 year ago (1 children)

He is essentially saying, "we are unable to make a profit, so our plan is to use someone else's profit to make money."

What I think he's going for is sympathy points, but he did not read that back lol

[–] [email protected] 9 points 1 year ago

I think at point it’s the sole goal of Reddit to pump their ad revenue numbers until the IPO.

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