I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars “web3”
I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars “web3”
There’s no conceivable reason that reddit shouldn’t be profitable right now with the market saturation they have unless the majority of people who’ve been making money off of the site up until now have been minimal effort contributors trying to get their piece of the money pie. 99% of the work is done by “unpaid” (by reddit) mods yet somehow they still have 2k people on the payroll and still need to centralize more and more capital to cover the overhead, it’s easy to imagine most of their current expenses are going to dumb corporate tech money sinks that are going out of style fast and have little to show for the last decade of spending lol
I mean that’s maybe the only good thing: If they are a public traded company, they have to file public revenue reports. Would love to see where those morons burn their money…
2k people in expensive San Francisco office space. Willing to bet that the % of them dedicated to improving user experience was quite low in comparison to those trying to figure out how to squeeze money out of it.