Thank you for the explanation, I’m having a hard time understanding how an “unprofitable” business has managed to stay afloat this long.

Agreed, I don’t know why Reddit is pushing to go public. Personally I don’t see the value in a business that admits that they aren’t profitable, but that raises the question if they aren’t making money how as Reddit operated for so long? The upside to them going public is that they’ll have to start publishing financial statements and we’ll get to just how much money the “unprofitable” business is making.

It sad to see Reddit go down this path, but the writing has been on the wall for awhile now. Losing Apollo is what had me make the jump to Lemmy.

Hopefully we build a strong community here.