All of this has left a sour taste in their mouths. They also see the writing on the wall; they'll shut down old.reddit.com, push more ads via the official app, and continue to milk as much money as possible.

The claim that it's not profitable seems kind of crazy to me. They have a huge amount of data on their users to target ads. It's mostly text content so the bandwidth shouldn't be horrible. Maybe I'm naive, but how can Facebook make so much money and yet they can't make a profit? It smells like poor management to me.