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Reddit CEO Defends His Absurdly High Pay While Not Paying Mods (futurism.com)

submitted 8 months ago by catculation@lemmy.zip to c/technology@lemmy.world

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[–] AnAngryAlpaca@feddit.de 3 points 8 months ago

Reddit has a lot of users that spend a lot of time there, so it is advertising potential, and a lot of Brands pay for ads on Reddit. Investors hope they will eventually make enough ad revenue to turn a profit.

However Twitter was and is in the same boat, it is a big site with many users, but was never profitable.