This is like if a Grocery chain said that they need to stop selling Lemons to little girls because the lemonade stands were profitable and they aren’t. The scale of the two businesses is not the same… none of these apps have millions of dollars in VC funds or thousands of employees.
But Reddit doesn’t need these thousands of employees, they’re already getting the brunt of the workforce for free (the mods). Like the other guy said, one hundred engineers to manage the platform, 100 customer service to help the mods/do admin and off you go, you just need a few unobtrusive ads to finance that. But that’s way too open and won’t turn you into a billion dollar business nor get you any love from advertisers or VCs, let alone going IPO, so we are where we are.
This is like if a Grocery chain said that they need to stop selling Lemons to little girls because the lemonade stands were profitable and they aren’t. The scale of the two businesses is not the same… none of these apps have millions of dollars in VC funds or thousands of employees.
But Reddit doesn’t need these thousands of employees, they’re already getting the brunt of the workforce for free (the mods). Like the other guy said, one hundred engineers to manage the platform, 100 customer service to help the mods/do admin and off you go, you just need a few unobtrusive ads to finance that. But that’s way too open and won’t turn you into a billion dollar business nor get you any love from advertisers or VCs, let alone going IPO, so we are where we are.
Agreed. What are all their employees doing? Is reddit basically an adult daycare?
they are doing things like launching Avatars, NFT’s, and other ways to try and cash in for a quick buck.