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comment by KaliYugaz
KaliYugaz  ·  2723 days ago  ·  link  ·    ·  parent  ·  post: How many of you are ex redditors?

I just came from Reddit. I'm pretty sure they're in the process of preparing the site to sell off to marketers.

Escobeezy  ·  2723 days ago  ·  link  ·  

Wouldn't be surprised to be honest.

swedishbadgergirl  ·  2723 days ago  ·  link  ·  

The taking away of specific votes and such makes me fear for that.

water  ·  2723 days ago  ·  link  ·  

The way they implemented it was really weird too, not responding to community concerns like that is decidedly un-reddit and unfamiliar to say the least.

swedishbadgergirl  ·  2723 days ago  ·  link  ·  

Yep, that was worrying. In the past they've usually been a bit more approachable about the subject of changes.

user-inactivated  ·  2707 days ago  ·  link  ·  

I predict they've already been bought. The same thing happened with Ace of Spades; Ben Askoy sold the game to Jagex without a word, and Jagex started changing things before the transfer of ownership was made public.

user-inactivated  ·  2697 days ago  ·  link  ·  

Forgive my ignorance, but what does this imply? Like, what will this turn the site into, and in turn how will it effect the end user?

user-inactivated  ·  2722 days ago  ·  link  ·  

Same here. The removal of the vote counts made it completely obvious.

beezneez  ·  2723 days ago  ·  link  ·  

But reddit isn't yet profitable, is it?

user-inactivated  ·  2723 days ago  ·  link  ·  

Nope, Conde Nast bought reddit a few years ago, and it was revealed last year (http://www.businessinsider.com/reddit-ceo-admits-were-still-in-the-red-2013-7) that it's still losing money.

Interestingly, they were also trying new, what looked like targeted, Amazon ads just before this announcement. I kind of doubt it's specifically a selling announcement, and more focused on making reddit more attractive to AMAs for celebrities, as a user in that thread hypothesized.

sagas  ·  2722 days ago  ·  link  ·  

It's all about user base, user base, user base. User base, to an investor, means eyes to whom you can sell to. Whether it be ads, Reddit gold, user information, or some other commodity, having the eyes and thoughts of millions means a great potential for revenue even if it hasn't been cashed in on yet. That's why Facebook got valued in the millions when it went public on the stock exchange before it even started to turn a dollar of profit.