Huffman’s comments come at a time when he himself is battling widespread protests over the application programming interface (API) changes on his platform.
Huffman in an interview with NBC News said, “Long story short, my takeaway from Twitter and Elon at Twitter is reaffirming that we can build a really good business in this space at our scale.”
“And I guess I can’t sit here and say that we’re not either, but I think there’s a lot of opportunity here,” he added.
On the other hand, Huffman is trying to turn Reddit profitable.
“As a company smaller than theirs, sub-$1 billion in revenue, I used to look at Twitter and say, ‘Well, why can’t they break even at four or five billion in revenue? What about their business do we not understand?’ Because I think we should be able to do that quite handsomely,” Huffman said.
Reddit laid off 90 employees in June.
Meanwhile, thousands of subreddits have gone dark on the app to mark their protest against the new pricing policy, resulting in millions of users being unable to see posts from their favourite community.
Several developers have also expressed concerns about the viability of their services under the new pricing policy.