this post was submitted on 08 Jun 2023
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There was a response on the AMA where u/spez said "Reddit would always be profit driven and currently does not make a profit. Unlike TP apps"
You can no longer see this on the Reddit app, it is obscured in someway. Perhaps because of the potential impact for the IPO?
I would not be surprised if a lawyer jumped in and said that revealing even profitability vs not is something they should do through official channels.
He just admitted, just as they're trying to IPO, that they're still not profitable. If these third party apps that make up a fraction of their users -- their most engaged, active users, by the way -- are the difference between profit and loss, they need a better model.