WatTyler@lemmy.ziptoTechnology@beehaw.org•Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway
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7 months agoCan someone explain to me what Reddit’s costs are supposed to be? It’s not like they have to pay licences for things like music or have to host insanely large media files. Their content generation and moderation is free. For a long time their website was barebones and they didn’t have to make an official app. I can never even recall them advertising until recently.
Sorry for my delayed reply but this was exactly the explanation I needed and I’m grateful for the effort you put into writing it.