They wanted to be the next Tiktok/Youtube Shorts/Instagram Reels and added expensive video hosting. Yay for ad impressions and mainstream adoption of mindless scrollers, but a good chance the costs drove up well beyond the influx of ad revenue/premium.
That and Reddit admins have to scrounge every penny to look pretty for their IPO.
They wanted to be the next Tiktok/Youtube Shorts/Instagram Reels and added expensive video hosting. Yay for ad impressions and mainstream adoption of mindless scrollers, but a good chance the costs drove up well beyond the influx of ad revenue/premium.
That and Reddit admins have to scrounge every penny to look pretty for their IPO.
and avatars, NFT support, chat groups, and… and… and…
Endless growth, without a use case.