Quote:
Originally Posted by Hack&Lube
Reddit still claims to be in the red, IE: it's not actually profitable and it is a money-loser. There are no obvious ads on Reddit. It supposedly mainly derives revenue from selling Reddit gold and branded merchandise. Reminds of PBS fund-raising in some ways.
I can definitely see how the powers-that-be would want to make things a little more commercial at the expense of the dedicated community.
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One of the greatest ironies of these kerfuffles is that anyone who says to stop giving Reddit gold to protest the latest controversy is inevitably given Reddit gold.
For a few days at the peak of the /r/fatpeoplehate banning controversy, Reddit was puling in 200% of its daily goal.