Despite this seemingly rosy picture, Reddit is still bleeding money. In the quarter ending June 2024, the company reported revenue of $281.18 million - a 53.63% year-over-year increase - but still posted a net loss of $10.10 million.
Most of the actual work on the site is done by unpaid moderators. Hosting bills are probably huge but not THAT huge. I’m sure they have a decent sized staff, but not THAT big. I wonder what’s going wrong…
Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year
Ohhh… Well, there’s your problem, dumbasses.
Real men aren’t afraid to eat oranges or take vitamin C. Real men eat whatever the hell they want, not what they think will impress the other boys.