[FeetYeet]

1) Every social network sells ads

Yes, but all other social networks are GOOD at it and make a fuck ton of money. That’s the issue. Reddit has had plenty of chances to turn profitable, but they can’t seem to figure it out. Now they’ve run down the checklist and apparently “kill 3rd party apps” is their newest brilliant idea to make money.

[mitchell209]

Wasn’t Twitter the most popular social media site on the planet and still losing money?

[joshuaissac]

> Twitter the most popular social media site on the planet

Twitter is not even in the top ten most popular social media networks.

https://www.statista.com/statistics/272014/global-social-net...

[mitchell209]

Honestly I thought I was only exaggerating a bit.. I thought it was top 3. Crazy how far off it is from the top half. Not to say that’s any excuse for them failing to turn a profit for so long but damn I thought they had more users they could shovel ads onto.

[FoxBJK]

It had just started to become profitable right before Elon bought it. Granted that’s like 1 or 2 profitable quarters out of dozens, but still counts I guess