Is this why reddit went dark? They need their API to police you for wrongthink? 👮♀️ 👮♀️
(media.kotakuinaction2.win)
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I'm still shaking my head over the CEO of Reddit coming out and saying "we're not profitable" while they're getting ready to IPO.
Isn't that how almost all of these big internet companies work?
They are giant money sinks and when they run out of money they start a new round of investments ... to pay off the previous investors. But it's totally not a pyramid scheme because they're planning on becoming profitable ... eventually.
It is easy to be profitable with a website, but the infestation that is currently killing reddit is allergic to anything remotely capitalistic and wants everything for free.
Yeah, but they don't normally come right out and openly admit they're just lighting piles of money on fire.