When thousands of subreddits went dark in protest, it exposed the tension at the core of Reddit. Is the web’s most reliably human forum a gold mine for investors, or an old-fashioned dumpster fire?
But, correct me if I’m wrong, the whole thing is operating at a loss. It’s spending more money than it receives, including advertising and all. That doesn’t add up.
The number one thing I don’t understand is, where does the money come from?
I’d imagine mostly advertising and premium accounts. I’d be surprised if there weren’t some shady deals going on for increased exposure too.
But, correct me if I’m wrong, the whole thing is operating at a loss. It’s spending more money than it receives, including advertising and all. That doesn’t add up.
Only if you count CEO pay.
Companies don’t even need to be solvent to make their C-levels money.