“I think the existing, altruistic, free version of Reddit will continue to exist and grow and thrive just the way it has,” Huffman said. “But now we will unlock the door for new use cases, new types of subreddits that can be built that may have exclusive content or private areas, things of that nature.”
I remember a quote from spez a while ago where he basically said reddit isn’t profitable, so we’re not going to stop until it becomes profitable. Apparently that translates to “our platform isn’t profitable, so we’re not going to stop fucking it up until it becomes irrelevant.”
I like how companies not being profitable never stops people there from paying themselves millions of dollars.