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comment by Magnnus
Magnnus  ·  3429 days ago  ·  link  ·    ·  parent  ·  post: The social aggregator is a terrible business model.

From my understanding, Reddit's gold buying is what saved their finances. Before Reddit gold, they were in the red.





violinist  ·  3429 days ago  ·  link  ·  

From a statement by one of the fired reddit employees on an AMA this morning, it sounds like gold is a very small percentage of their earnings.

Source: Dacvak's AMA, can be found on archive.org since it was deleted there.