Reddit CEO Admits "we are not profitable" right before upcoming IPO : reddit

this post was submitted on 09 Jun 2023

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Reddit CEO Admits "we are not profitable" right before upcoming IPO (old.reddit.com)

submitted 1 year ago by [email protected] to c/[email protected]

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How do you address the concerns of users who feel that Reddit has become increasingly profit-driven and less focused on community engagement?

We’ll continue to be profit-driven until profits arrive. Unlike some of the 3P apps, we are not profitable.

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[–] [email protected] 7 points 1 year ago

They would have to show their books as part of an IPO anyway, and everyone already knows its not profitable. It's not like he accidentally dropped a big secret here.

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