this post was submitted on 07 Jul 2023
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Reddit risks losing its identity in pursuit of profits (www.techzine.eu)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

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[–] DilipaEli@lemmy.world 7 points 1 year ago (2 children)

Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.

[–] TheEllimist@lemmy.world 4 points 1 year ago (3 children)

Reddit bought imgur though, didn't they? So that's part of their expenses.

[–] ikidd@lemmy.world 3 points 1 year ago

Imgur started out as a convenient way to host images for Reddit, but Reddit did everything they could to make sure Imgur didn't stay that way. That's why they introduced their shitty inhouse image hosting.

Imgur just kinda goes on by itself now, fairly successfully it seems.

[–] kien@lemmy.world 2 points 1 year ago (1 children)

When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.

[–] TheEllimist@lemmy.world 1 points 1 year ago

Ok, I wasn't sure, hence the question mark.

[–] DilipaEli@lemmy.world 1 points 1 year ago

Oh I actually didn't know that. That indeed changes my perception a little bit

[–] cyanarchy@sh.itjust.works 1 points 1 year ago

I didn't mean to imply they were good at it, just that the volumes of data involved are certainly not trivial.