- cross-posted to:
- reddit@lemmy.world
- reddit@lemmy.world
/cdn.vox-cdn.com/uploads/chorus_asset/file/25137776/STK115_Reddit_02.jpg)
- cross-posted to:
- reddit@lemmy.world
- reddit@lemmy.world
cross-posted from: https://lemm.ee/post/46100822
Reddit says its daily users are up 47 percent year-over-year. Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year.
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usersbotsthis is pretty sad to me because it’s almost like sending a signal to them that harmful practices like the API conflict last year were “worth it”… seems like short term profit thinking will doom reddit long term at some point, maybe?