[Eisenstein]

If reddit had stuck to what it is good at: threaded, in-depth text conversations and links, it wouldn't need such a large amount of storage or bandwidth. Yes, I know that 1.7 billion users is a lot of text, but (1) there wouldn't be 1.7billion users if it were only text and links (2) the users who wouldn't be on reddit without multimedia offerings I am sure use a almost exclusively multimedia and account for the lions share.

Go back a few years, nix the 'let's host video and pictures and live chat and ignore every single thing the users are asking for so that we can bring in the eyeballs' idea and instead of that monetize the regulars using the their content and site's ability to guide google to it.

Keep 150,000,000 dedicated users who reliably generate valuable content for you and keep the site spam free for you, and all you have to do is keep some devs on hand to add tooling and site features that are useful. The caveat is that Stevey Huff has to live with one or two fewer commas on the balance in his bank account.