The Honest Broker • 14196 implied HN points • 27 Feb 24
- Reddit relies heavily on unpaid labor with 60,000 daily active moderators compared to around 2,000 employees.
- After 18 years, Reddit still isn't profitable, accumulating a $717 million deficit, but it shows potential for profitability with increasing revenues and reduced losses.
- Reddit's CEO earned $193 million last year, prompting questions about excessive compensation, and Reddit is heavily reliant on advertising for revenue, putting it in a risky position concerning Google competition.