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this post was submitted on 18 Jun 2023
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Genuinely don't understand how reddit has failed to make money.
Reddit's entire value is based upon the unpaid contributions of its users- they generate and moderate all the content on the site for free, and these are the things that bring people to the site.
How entitled must one be to think they can ignore all this and be fine?
Also how tf is reddit not able to break bank?
The functionality of their website was relatively simple - not underming the reddit devs here. The costs must've been minimal before the redesign and the dumb ass decision to host their own images and videos. Did they burn up all their money for the redesign and the shitty app?
Can't forget about https://nft.reddit.com/, the real moneymaker. Nothing says value-adding like nfts, the dumbfucks.
An NFT as your avatar? Wow, it's dumber than I thought.
Ah but it's exclusive you see. Your avatar can be a glowy, animated Snoo, whereas everyone else just has free peasant avatars.
For the low price of 105 ETH $(227,389.05). Makes about as much sense as the really high priced ships in Star Citizen.
I hate how much effort they put into this.
The real landed gentry.
And they are still hiring engineers to build this NFT marketplace, just saw a job ad on LinkedIn the other day
Holy shit, I totally forgot about how stupid that was lol