Reddit Refugee

  • 0 Posts
  • 28 Comments
Joined 1 year ago
cake
Cake day: June 5th, 2023

help-circle















  • CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”

    It’s called a “loss leader,” Steve.

    Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.