Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.
Reddit migrated to cloud providers and it’s a major part of how they serve videos. They don’t self host or cache and peer that stuff. Their bills are astronomical, like vimoe. It was a dumb move in my opinion and I don’t see how they’ll ever reach profitability because of it.
Reddit migrated to cloud providers and it’s a major part of how they serve videos. They don’t self host or cache and peer that stuff. Their bills are astronomical, like vimoe. It was a dumb move in my opinion and I don’t see how they’ll ever reach profitability because of it.
https://www.datacenterdynamics.com/en/news/reddit-uses-aws-and-google-cloud-plans-to-spend-at-least-385m-on-cloud-by-september-2026/
$400 million in 2 years on cloud hosting.