I was a premium member a while ago because I love reddit and wanted to support it + get rid of adds on the mobile app (I use their app) but I cancelled it during the last blackout (I think it was the 2021 one about hate speech).
A lot of these companies have never been profitable and have been running on VC money on speculation alone until they reach critical mass and can turn on the monetization streams.
brb gonna go have a snack and a nap in the shower