The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit

Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.

[–] givesomefucks@lemmy.world 12 points 9 months ago

Yep.

Al the "disrupt the system" tech is just something that people use because it operates at a lose. The vast majority of the time the changes to turn a profit kill the platform.

Twitter has been around forever, and never turned a profit.

That didn't stop an egotistical idiot from spending billions in it tho. Because he thought he was smart enough to easily do it.

[–] gregorum@lemm.ee 7 points 9 months ago

spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…

[–] Pyr_Pressure@lemmy.ca 2 points 9 months ago

If they can't make a profit now I'm not sure how they expect to get more and more profits every year / quarter for the investors to pocket.