Depending on volunteers is not sustainable, given the regulatory scrutiny that the company will now face, said Julian Klymochko, CEO of alternative investment solutions firm Accelerate Financial Technologies.
“It’s like relying on unpaid labor when the company has nearly a billion dollars in revenue,” he added. Reddit reported revenue of $804 million in 2023, according to an earlier filing.
There’s going to be a lot of “unforeseen” challenged to the site now. I get the impression Spez thought it would just be gravy train and hasn’t really taken into account how much it’s going to change the site
He already had his payday. The suckers will be left holding the bag when it all inevitably goes south.
spez doesn’t care, be just wanted the money for his doomsday bunker.
The writing was on the wall. The announcement posts were always sad to see. In the comments you would have people begging for better mod tools or asking various questions only to be completely ignored or brushed off. Or they would get false promises that never actually were acted on. Classic spez