Main points: He plans to make moderators popularly elected to more easily vote them out.

Hopes the next frontier will be subreddits as businesses.

He does not want Reddit employees to take on the work. Moderator hours were valued at 3.2 million last year, 3% of reddit’s revenue.

  • can@sh.itjust.works
    2·
    1 year ago

    Huffman has said Reddit is not profitable and in Thursday’s interview he said that Reddit’s annual revenue is less than $1 billion. Meta, owner of Instagram and Facebook reported revenue last year of $116.6 billion.

    Ouch

    • bill_1992@kbin.social
      2·
      1 year ago

      Pinterest has around the same amount of MAUs as Reddit with $2.8b revenue…

      I don’t think killing 3p apps and eventually old reddit is gonna make the difference.