this post was submitted on 07 Aug 2024
211 points (100.0% liked)

Technology

37717 readers
605 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

“I think the existing, altruistic, free version of Reddit will continue to exist and grow and thrive just the way it has,” Huffman said. “But now we will unlock the door for new use cases, new types of subreddits that can be built that may have exclusive content or private areas, things of that nature.”

you are viewing a single comment's thread
view the rest of the comments
[–] CaptSatelliteJack@lemy.lol 35 points 3 months ago (1 children)

I remember a quote from spez a while ago where he basically said reddit isn't profitable, so we're not going to stop until it becomes profitable. Apparently that translates to "our platform isn't profitable, so we're not going to stop fucking it up until it becomes irrelevant."

[–] stardust@lemmy.ca 11 points 3 months ago

I like how companies not being profitable never stops people there from paying themselves millions of dollars.