> Reddit works because it’s anonymous, information-dense and relatively ad-free.
Reddit is none of those now. It's not anonymous ( they track your identity and feed it to the government ). You may be "anonymous" to fellow users, but not anonymous to authorities. It isn't information dense. It's propaganda dense. Almost all the content there now is government, media, ngo, etc propaganda. As for ads, check out the videos, movies, music, etc subs when a particular movie, album, etc comes out. The frontpage will be littered with ad-like submissions ( aka ads ).
Reddit is 80% government, politics and news propaganda and 20% ads ( movies, music, etc ). I think you are confusing the reddit of 2011 with today's reddit.
> It’s been Reddit’s dilemma since the beginning: you can’t monetize a toxic user base that has total freedom.
Actually reddit could and did monetize "toxic content". How do you think reddit has been around for nearly 13 years? And once again, you are confusing reddit of 2011 to reddit of 2018. Today, reddit isn't any more "toxic" than twitter, youtube, facebook, etc. Reddit is heavily censored. Besides, on social media, you don't monetize content, you monetize eyeballs/clicks/data points.
> I’m still skeptical of Reddit’s ability to turn a profit.
Do you really think reddit is unprofitable? Let me guess, you think that youtube is not profitable right? You think these companies have been around for more than a decade because they are not "profitable"?
Their "hollywood" style accounting may make it seem like they are not profitable, but these companies are incredibly profitable. It's why youtube has a valuation over $100 billion and reddit's valuation is in the billions.
> But as a community platform it’s the best out there IMO.
Have to disagree with you there. Any garden variety forum is better than reddit. Also, reddit stopped being a community a long time ago.
I've stopped using it because it's all political nonsense or advertisements.