[…] a dearth of profit this late into its existence portends the lack of a real business model, suggesting it’s still not ready for public company life.

    • FaceDeer@kbin.social
      37·
      9 months ago

      What really bothers me is that the original plan for that open source code was to make Reddit federated. They wanted to make it so that other people could run their own Reddit servers for their own communities. Sure, they would have locked it down somehow and tried to make it so that they got paid in the process, but the concept of the Fediverse could have been a common thing over a decade ago already. I’m sure that would have been a far easier walled garden to break out of than the current-day monolithic Reddit is.