this post was submitted on 07 Jul 2023
1039 points (96.8% liked)

Technology

59311 readers
4864 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Reddit isn't profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform's API

you are viewing a single comment's thread
view the rest of the comments
[–] cyanarchy@sh.itjust.works 12 points 1 year ago (1 children)

My gut reaction is that a multimedia website the size of reddit must be a juggernaut of server and hosting expenses.

[–] DilipaEli@lemmy.world 6 points 1 year ago (2 children)

Idk but in my opinion describing red*it as a juggernaut for hosting multimedia is a bit far fetched, since their own image / video hosting platform is pretty shit and most of the media content is actually hosted on other platforms.

[–] TheEllimist@lemmy.world 1 points 1 year ago (2 children)

Reddit bought imgur though, didn't they? So that's part of their expenses.

[–] ikidd@lemmy.world 2 points 1 year ago

Imgur started out as a convenient way to host images for Reddit, but Reddit did everything they could to make sure Imgur didn't stay that way. That's why they introduced their shitty inhouse image hosting.

Imgur just kinda goes on by itself now, fairly successfully it seems.

[–] kien@lemmy.world 2 points 1 year ago (1 children)

When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.

[–] TheEllimist@lemmy.world 1 points 1 year ago

Ok, I wasn't sure, hence the question mark.

[–] cyanarchy@sh.itjust.works 1 points 1 year ago

I didn't mean to imply they were good at it, just that the volumes of data involved are certainly not trivial.