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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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

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[-] ForgetReddit@lemmy.world 269 points 1 year ago

They have TWO THOUSAND PEOPLE working at Reddit and Memmy for Lemmy is a superior product with how many people working on it?? 3?

Spez is an impossibly incompetent Elon Musk wannabe (the person who just flushed $44 BILLION down the toilet due to incompetence). He needs to be drawn and quartered tbh

[-] Moohamin12@lemm.ee 73 points 1 year ago

Elon flushed 44B and made 96B just this half year.

The game isn't right somewhere.

[-] OrangeCorvus@lemmy.world 44 points 1 year ago

The game was rigged from the start.

[-] snor10@lemm.ee 4 points 1 year ago

Always has been.

[-] circuitfarmer@lemmy.sdf.org 25 points 1 year ago* (last edited 1 year ago)

FOSS does not have an inherent detriment versus corporate products. If enough people want to do it, development of FOSS can in principle move just as quick or quicker than corporate development (and more efficiently too).

The recent interest in Lemmy, largely thanks to Reddit's incompetence, means that not only is the core software moving very quickly but the app scene is growing quickly as well.

[-] danc4498@lemmy.world 23 points 1 year ago

I wouldn't say it's a better product, but it is quicky moving in that direction.

I'm so happy user funded and user controlled is a viable market strategy.

[-] unwinagainstable@lemmy.world 13 points 1 year ago

The official Reddit app is just a miserable experience. Take away the ads and bugs and I still don’t like it. Navigation, layout, voting are all inferior to Memmy already and the gap is only widening

[-] stormtm@lemmynsfw.com 6 points 1 year ago

Agreed! Any time I go back to try it out, it’s a miserable experience. I was spoiled for 6 years or however long it was with Apollo where the user experience was obsessed upon. I’m using Mlem now and it’s refreshing compared to the official Reddit app.

[-] Dark_Arc@lemmy.world 2 points 1 year ago

It also works for operating systems ;)

https://kde.org/

[-] Lemmylefty@vlemmy.net 14 points 1 year ago

Is that 2,000 paid employees or does that include moderators?

[-] db2@lemmy.one 71 points 1 year ago

Of course it doesn't include moderators. Moderators are users.

[-] Chariotwheel@kbin.social 17 points 1 year ago

Also, there are way more than 2000, especially once you call all the very tiny subs that technically have moderators. But even if not, Reddit's biggest treasure are all the niche subs.

[-] Sordid@kbin.social 27 points 1 year ago* (last edited 1 year ago)

Reddit would implode instantly with only 2K moderators. According to this Reddit post, six years ago there were almost 75K moderators working in subreddits with more than 500 subscribers (i.e. this number only includes moderators who actually have to do some work because their subs are decently active). That number is certain to have grown since then.

[-] Lemmylefty@vlemmy.net 17 points 1 year ago

“Reddit would implode instantly”

Don’t threaten me with a good time.

[-] expatriado@lemmy.world -1 points 1 year ago

glad i disembarked that submarine

[-] driving_crooner 5 points 1 year ago

The "anti evil operations" team is technically paid moderators, but have no idea how big they are.

[-] crusa187@vlemmy.net 9 points 1 year ago

He needs to be drawn and quartered tbh

I do declare, spoken like true landed gentry m’lad.

How much revenue do you think it would generate if streamed on ThreadsLive?!

[-] pacology@lemmy.world 8 points 1 year ago

If you ask a computer engineer, they would say that’s what you get with and without a product/project manager.

this post was submitted on 07 Jul 2023
1100 points (97.1% liked)

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