> (users) will not accept any compromise short of full rollback of the proposed changes, and Reddit cannot do that because it can not support (servicing 3rd party clients)
To be clear, Reddit has had $350+ million dollars in yearly revenue for a few years now, primarily from premium subscriptions and ad revenue (ads that are not, in fact, always blocked by 3rd-party clients -- ads show up in reddit Sync Pro all the time)
They absolutely could roll back everything and be profitable. They're "struggling to profit" because the CEO is literally burning all the money trying to chase an IPO, not because there was ever any fundamental problem with Reddit's cost structure.
To be clear, Reddit has had $350+ million dollars in yearly revenue for a few years now, primarily from premium subscriptions and ad revenue (ads that are not, in fact, always blocked by 3rd-party clients -- ads show up in reddit Sync Pro all the time)
They absolutely could roll back everything and be profitable. They're "struggling to profit" because the CEO is literally burning all the money trying to chase an IPO, not because there was ever any fundamental problem with Reddit's cost structure.