Yup. An opinion writer in the Washington Post had a weird analogy yesterday, but it works — Reddit’s business model is almost the same as a thrift store’s. People donate stuff (clothes and furniture to Goodwill, analysis and humor to Reddit). Volunteers sort through it and throw out the bad stuff (volunteers at Goodwill, moderators at Reddit). And the business sells it (Reddit has one extra step here in that it sells ads, so it uses the donated-and-sorted stuff to build an audience to sell).
If the donators and the sorters walk, what do they have to sell?
Yup. An opinion writer in the Washington Post had a weird analogy yesterday, but it works — Reddit’s business model is almost the same as a thrift store’s. People donate stuff (clothes and furniture to Goodwill, analysis and humor to Reddit). Volunteers sort through it and throw out the bad stuff (volunteers at Goodwill, moderators at Reddit). And the business sells it (Reddit has one extra step here in that it sells ads, so it uses the donated-and-sorted stuff to build an audience to sell).
If the donators and the sorters walk, what do they have to sell?