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submitted 2 years ago by ardi60@lemmy.ml to c/technology@beehaw.org
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[-] Shhalahr@beehaw.org 29 points 2 years ago* (last edited 2 years ago)

CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”

It's called a "loss leader," Steve.

Dude's sounding like the kind of guy that cuts IT, security, and janitorial because they don't bring in revenue. But then, he did say he's following the Musk model. Which is, basically, that.

[-] Tatiana@beehaw.org 8 points 2 years ago

someone should have shown this graph to the dipshits in charge

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this post was submitted on 21 Jun 2023
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