13 upvotes, 1 direct replies (showing 1)
View submission: Sunsetting Secret Santa and Reddit Gifts
they make thousands of dollars a day off ad revenue.
But also, their operating expenses still exceed their revenue. Always have. So it's very much about the money and the planned IPO.
This site is increasingly becoming corporate. I get enough of the corp doublespeak at work.. Don't have a taste for it outside the office.
Comment by Qpylon at 07/09/2021 at 19:29 UTC
2 upvotes, 0 direct replies
I do not like increasing corporatism, but also don’t see “very much about the money” as necessarily bad - reddit can’t run at a loss without money coming in *somehow* to plug the gap, and losing money won’t keep a company/site alive forever.
Hope the newsecretsanta works though! Will be following it closely.