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Is Reddit still run to be profitable? It always seems like it fits more with a wikipedia type model of donations etc.
by eueueu 11y ago
Is Reddit still run to be profitable? It always seems like it fits more with a wikipedia type model of donations etc.
- sergiotapia 11y agoReddit is owned by a billion dollar company, and does not need to be profitable. Especially with all the marketing going through the front page every single day, it's an advertisers paradise. I don't think they're hurting for money. Contrary to popular belief Reddit is not some grass-roots operations.
- minimaxir 11y agoIt's been operationally independent since 2011: http://www.redditblog.com/2011/09/independence.html http://www.redditblog.com/2011/09/independence.html
- codingdave 11y agoIt is an interesting definition of independent - they are still owned by another company, and have a minority on the board of directors. Sure, they are off-leash now, and have been for years. And that may even be the long-term intent. But if someone owns you, they can always change the status quo.
- aspir 11y ago> Reddit is owned by a billion dollar company, and does not need to be profitable. Tell that to Myspace. A property as expensive as reddit has to have a clear road to profitability or it's going to get the axe. Conde Nast isn't running a charity.
- meritt 11y agoI'm more interested in how imgur survives since they serve up far more bandwidth that reddit does and their own advertising and community efforts are pretty young relatively, not to mention hotlinks bypass that entirely.
- ChrisArchitect 11y agoI constantly wonder about this....and I was willing to pay them for an account -- which they they axed and made it free for all. How can that be sustainable, how?!
- celticninja 11y agoYou are the product.
- ChrisArchitect 11y agoI use it purely for image hosting/no ads/no public gallery. It's amaaaazing haha
- tokenizerrr 11y agoI'm not sure if this is still the case but they used to delete images that did not gain any views in 6 months. Something to be aware of.
- celticninja 11y agoI imagine they will run at a loss until they can monetize effectively like reddit. I know everyone tells us that reddit is not profitable but they are selling their front page to advertisers quietly. I recently saw a front page post that was just a Taco Bell sign that was 20 years old. A fluff bullshit post with little discernable value. Now I don't suggest that the user paid to post it, that sort of stuff would be found out quickly, but it was up voted enough to get it into the hot\rising queue and by virtue of appearing there it made it to the front page. We know that in the early days the admins/founders used fake accounts to simulate activity on the site and I not imagine that has changed. So they use these accounts to boost up votes and almost guarantee a front page position. They are also happy to remove front page posts that advertisers don't like e.g sears