Allegedly, yes. Where did the millions of dollars of revenue go, from all the ads and sponsors (which completely infest their app)?

Reddit execs decided they needed thousands (?!) of employees, despite mods running the subreddits for free. They could never make an app as fully featured as those with literally one employee. And it took years for them to deliver promised features and mod tools (many are very recent or still unavailable).

Lemmy and Mastodon, and all their apps, are running thanks mostly to a few dozen awesome people and donations.

Where did Reddit’s millions of dollars disappear to again? And how is that not damning proof of their current execs incompetence?

(Note: I direct this /rant in Reddit’s general direction.)

Any company can be unprofitable if you have 100x the staff you need working on features that make the site worse or are scams

Allegedly, but reddit also spent tons of money on stupid shit. My favorite example is their braindead stupid million dollar Superbowl ad, but they also doubled the number of employees to 1400 in 2021. And all they have to show for it is a slow, ugly website and a trashy, extra-monetized mobile app. Fuck em.

To be fair, they allegedly weren’t profitable.

To be fair, the CEO was caught lying, on a recorded phone call.

Just when I was reading Christian’s farewell post too. All so needless. Oh well… hello Lemmy!!

Was not expecting to find it dead, and went to launch it one last time. Gut punch.

I wonder if Reddit shut it off early just to be spiteful bastards.