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Has Reddit ever had a profitable quarter, let alone year? I thought I saw that revenue had been rising but they also have significantly ramped up expenses, doub
by koolba 8y ago
Has Reddit ever had a profitable quarter, let alone year? I thought I saw that revenue had been rising but they also have significantly ramped up expenses, doubling employees and lots of new infrastructure (ex: their self-hosted video platform).
This sounds like greater fool theory if the investors in the latest round think they'll be able to peddle it for greater than $3 Billion without it ever bringing a dime of actual profits.
- thirdplanet 8y agoThey have never had a profitable quarter or year.