Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API

  • xe3@lemmy.worldEnglish
    4·
    1 year ago

    I think it hasn’t ‘happened’ or ‘not happened’, I think it began losing its way and losing its identity years ago, but I think what we have seen recently is a big acceleration of that process, and for many the straw that broke the camels back was the recent changes and toxic behavior of the ceo and pr team

    I agree that saying ‘risks losing its identity’ makes it sound like it is hypothetical and in the future which is not accurate.

    • Ddhuud@lemmy.worldEnglish
      1·
      1 year ago

      I figure they’re trying to say they risk losing their user base, of which they only lost about 3%. But yeah it’s identity began to transition to it’s lesser form of today when they launched the official app, back in 2016.