476
In unsurprising news, Reddit prepares IPO
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 07 Jan 2024
476 points (95.6% liked)
SNOOcalypse - document, discuss, and promote the downfall of Reddit.
18 readers
1 users here now
SNOOcalypse is closing down. If you wish to talk about Reddit, check out !reddit@lemm.ee, !reddit@lemmy.world and !RedditMigration@kbin.social.
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
When sharing links, please also share an archived version of the target of your link.
Rules:
- Follow lemmy.ml's global rules and code of conduct.
- Keep it on-topic.
- Don't promote illegal stuff here.
- Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
- Have fun, and enjoy the popcorn! 🍿
founded 1 year ago
MODERATORS
That is not important. They sell attention from millions of users to advertisers, just like Facebook, google, YouTube, TikTok, ...
Every single group you listed selfhosts and uses local data centers to reduce transit fees. It's very important because it's how you handle the costs on your business model. Ad revenue generally forces you to operate on tight operating margins. Compare that to another cloud hosting utilizing video provider that nearly sunk despite being quite popular: Vimeo. If you think this stuff is not important, see Twitch's exit from Korea over transit fees.