- cross-posted to:
- technology@lemmy.beyondcombustion.net
- cross-posted to:
- technology@lemmy.beyondcombustion.net
Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API
Reddit bought imgur though, didn’t they? So that’s part of their expenses.
Imgur started out as a convenient way to host images for Reddit, but Reddit did everything they could to make sure Imgur didn’t stay that way. That’s why they introduced their shitty inhouse image hosting.
Imgur just kinda goes on by itself now, fairly successfully it seems.
When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.
Ok, I wasn’t sure, hence the question mark.
Oh I actually didn’t know that. That indeed changes my perception a little bit