Reddit has been around for a very long time. It's an 18 year old company. And Reddit has kind of been this big, successful company without ever being any kind of good business. But so Reddit has discovered, okay, we have to make money. We are now in a time after a long period of low interest rates and huge investments where a lot of that has gone away. So if you're a company like Reddit, you have to figure out how to actually make money.
As Meta launches its Twitter competitor, The Verge’s David Pierce says that we are watching the end of the social internet in real time.
This episode was produced by Amanda Lewellyn, edited by Amina Al-Sadi, fact-checked by Laura Bullard, engineered by Michael Raphael with help from Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/todayexplained
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