Reddit migrator here (shocking, I know)
Just wondering because I found out about all this yesterday and just realized the ammount of independent servers, but no sign of any ads or sponsors. So… is it all based on donations?
Also don’t just lurk, if you know you should answer because lemmy only counts users who posted or commented as active users.
They’re not, it’s just donations so far. Reddit actually used to profit from donations only too about 10+ years ago and had a bar showing how much they earned every day vs how much they need to run the servers.
I wasn’t aware of this! I was reading through these comments and thinking that would be nice to have here too. It would echo the nice amount of transparency if something like this was implemented. Are there any downsides to showing this info?
The only downside is that it’s bad for business. Donations will naturally slow down once users see that revenue > expenses, or users will start expecting some extra features to be added with the extra funds etc, which they rightfully should.
It’d operate like a NGO would and should but as a for-profit business (which is not ideal since they wouldn’t be regulated and audited as an NGO). Even if it does register as NGO, the show runners still get to decide their wages at the end of the day. And what’s stopping them from inflating the figures shown to users? They could say it costs $2m for overheads and pay themselves $1.5m as wages.