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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO
(www.theinformation.com)
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this post was submitted on 26 Dec 2023
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same here, since 2008. Pretty much every user of the site was on the same standard default subreddits. I don't like what Reddit has become but I don't blame them like a lot of people here.
Honestly they were a corporation from the get-go, out to make money once it became popular. They built something no one else did.
But going forward, the little reddit escapade from their corporate suite shows that freedom of speech can only thrive when there is no driving profit motive.
Spez wanted to be Zuck and just like Zuck, he allowed bad people to abuse the site in order to hurt others.
They weren't a corporation from the get-go though? They were a Y-Combinator project that became successful, and were eventually bought by Conde Nast (when the "sell-out" began, btw).
I think profit was always the end goal, except for Aaron Swartz. They might not have been incorporated but the intent always seemed like profit.