Reddit’s IPO Filing Shows Lots Of Losses After Nearly 20 Years - eviltoast
  • db2@lemmy.world
    link
    fedilink
    English
    arrow-up
    71
    ·
    8 months ago

    Imagine thinking that about a company that isn’t even doing remotely as well as Lycos.

    That’s right, it still exists and unlike reddit it’s profitable.

    • falsem@kbin.social
      link
      fedilink
      arrow-up
      40
      arrow-down
      1
      ·
      8 months ago

      I’d imagine reddit could be profitable too if they stopped throwing money at stupid shit like NFTs and avatars. Selling API access for AI training was a good move in terms of bringing in income since it basically costs them nothing, and they could have totally pulled that off without pissing off half their userbase.

      • MaggiWuerze@feddit.de
        link
        fedilink
        English
        arrow-up
        14
        ·
        8 months ago

        They could’ve also called reasonable prices for api access for 3rd party apps and would have a nice revenue stream now instead of the pr shitshow they got.

        • Ilgaz@lemm.ee
          link
          fedilink
          English
          arrow-up
          5
          ·
          8 months ago

          I think I have read this suggestion at Reddit: "Make people who wants to use API as clients pay. " The app doesn’t have to have API key, user pays a very reasonable money to access Reddit with their favourite application. Obviously it would come with sane for human browsing limits and AI leechers should pay millions.

          Just like a plain old radio station where you can access from web page for free but you need to subscribe for better AAC, high quality streams and standard VLC support.

        • Nightwatch Admin@feddit.nl
          link
          fedilink
          English
          arrow-up
          21
          arrow-down
          1
          ·
          8 months ago

          Not the NFTs themselves so much, but the code development to integrate it with reddit for example.

    • Clbull@lemmy.worldOP
      link
      fedilink
      English
      arrow-up
      5
      ·
      8 months ago

      Lycos isn’t even a particularly bad search engine. It’s just been overshadowed by bigger players like Google, Bing, Baidu, DDG, Yandex, etc. I imagine that their low traffic helps to lower their operating costs a lot.