The company, which generates its revenue primarily through advertising and also offers premium access for $5.99 per month, has yet to turn a profit
Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.
Shorting the hell out of this one.
My bet is that their valuation is going to be ridiculous and the price will drop like a rock for at least 6 months to a year
Ya, this seems like a bad investment. And the need to turn a profit will likely lead to a worse and worse user experience as Reddit tries to monetize them.
spez is using Musk’s Twitter business model. it’s sure to work— just not the way he hopes…
If they can’t make a profit now I’m not sure how they expect to get more and more profits every year / quarter for the investors to pocket.
Especially the worse the AI botting problem will become. Let us hope Lemmy will have good tools and a community to mitigate that.