Is Reddit having funding problems in spite of doing 280 million pageviews per month? Reddit is supposed to be a place for great geek minds. It is famous for its geeky humor and for doing stories and threads rarely found elsewhere.
This popularity pushed Reddit to 280 million pageviews per month, which is humongous in itself. However, the funniest part of this is that Reddit is not really monetizing this traffic. On top of that, it has started to face some monetary issues and has considered asking for donations from its readers.
For those of you who do not know, Reddit is part of CondÃ© Nast that happens to be a billion dollar corporation and has authoritative blogs like ArsTechnica and Wired under its banner.
Clearly, the company is ignoring Reddit for some weird reason. The Reddit community is one of the most popular across the Internet and this is the reason why Mike Schiraldi, one of the engineers behind Reddit had to ask for donations. Apparently, Reddit’s enjoys only a small share of the annual budget of CondÃ© Nast here.
However, Reddit has survived this long without making use of its readers to earn and this might be the right thing to do. Though, going low on funds changes many things.