I know you're not saying this, but just to point out how absurd this price point is:
> Reddit generated $350 million in 2021, primarily from its advertising business
> Reddit has 52 million daily active users and approximately 430 million users who use it once a month
Are we really supposed to believe that Reddit is losing $500 * 400 million per year? Their total cost per user is probably something like $1/year. Twitch.tv which streams 1080p video prolly has costs of like $50/user/year. Insane pricing decision by Reddit.
> Reddit generated $350 million in 2021, primarily from its advertising business
> Reddit has 52 million daily active users and approximately 430 million users who use it once a month
Are we really supposed to believe that Reddit is losing $500 * 400 million per year? Their total cost per user is probably something like $1/year. Twitch.tv which streams 1080p video prolly has costs of like $50/user/year. Insane pricing decision by Reddit.