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Facebook burnt through $700M if I recall correctly. Back then this was unheard of. Though, most of it was to support their explosive organic growth while ad rev
by tqkxzugoaupvwqr 9y ago
Facebook burnt through $700M if I recall correctly. Back then this was unheard of. Though, most of it was to support their explosive organic growth while ad revenue was catching up.
Google made money almost from the start I think.
Reddit has been losing money since its inception.
- gogopuppygogo 9y agoFacebook paved the way for this second tech boom from my perspective. VC's suddenly had FOMO again when it came to user growth over profit.