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
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Reddit bought imgur though, didn’t they? So that’s part of their expenses.
Oh I actually didn’t know that. That indeed changes my perception a little bit
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.
When did reddit bought it? Wikipedia said owner is MediaLab AI, Inc.
Ok, I wasn’t sure, hence the question mark.
