YouTube lost money for a long time. It’s questionable whether it was even bought for financial reasons rather than influence and data collection reasons.
Reddit made $100M in ad revenue in 2019, increasing to $500M in 2022. Their owners pushed for rapid growth for an IPO even if the revenue increase would be temporary. If they’re losing money right now, they’re overspending.
If public goods are supported by small donations despite platform fees, I think the government should get involved. I think the US government should run a YouTube, a Substack, a Patreon, and a Reddit.
YouTube lost money for a long time. It’s questionable whether it was even bought for financial reasons rather than influence and data collection reasons.
Reddit made $100M in ad revenue in 2019, increasing to $500M in 2022. Their owners pushed for rapid growth for an IPO even if the revenue increase would be temporary. If they’re losing money right now, they’re overspending.
If public goods are supported by small donations despite platform fees, I think the government should get involved. I think the US government should run a YouTube, a Substack, a Patreon, and a Reddit.