[shmatt]

I find it funny people have been going on this anti Reddit turning profit crusade, but ignore the fact Reddit is pretty similar to Facebook groups, just has much better ui and indexability

And everyone I know in real life who uses Reddit on a daily basis is also in at least 2-3 FB groups. Be it a local mom/dad group, Costco group, the car they own, or something more niche

They’re not big Zuckerberg fans but they’re much more accepting of him making billions than the Reddit shareholders

FB groups also utilize mods who work lots of hours for free. So those who say Reddit cannot IPO because of the free labor are wrong

[mynameisvlad]

Just because every single comment complaining (rightly) about Reddit’s current behavior does not include a comparison to Facebook does not mean it’s ignored.

People can dislike two things at once, and it doesn’t need to necessarily be said. Three, even, if they’re feeling frisky.

Unless there’s a post specifically about Reddit and Facebook, then you shouldn’t expect people to even bring up Facebook. It’s at best barely relevant.

[shmatt]

FB is highly profitable, Reddit loses money.

The outrage from users that Reddit is trying to do what everyone in the tech industry does makes no sense

And furthermore, if they give up the IPO focus, let’s say they don’t do the obvious and sell to Meta

What do they do? Layoff 80% of employees? Cut down the servers? Obviously if they are going to screw over the investors, no one will give a penny to another funding round

If, theoretically, the investors really don’t have a majority of votes, like someone here mentioned, the 2021 funding round was the last one, Reddit just burns it’s cash until it shuts down

[mynameisvlad]

> FB is highly profitable, Reddit loses money.

Okay, and? Bytedance is also profitable. Apple is also profitable. Netflix is also profitable. They all do vastly different things to achieve profitability. What works for one company won’t necessarily work for others.

Just because another company is profitable does not mean it needs to be mentioned every time Reddit is, and that was my entire point.

People don’t even necessarily have a problem with Reddit trying to become profitable, but with the extreme disregard for their users they’ve shown in the last few weeks. Is that common between all the companies above? No. And certainly not to the extent Reddit has shown. And that’s what all these topics have boiled down to.

I’m sure if an article comes up which talks about Reddit and Facebook, then Facebook will come up in conversation. Unless that happens, there should be no real expectation for it to come up organically.