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Reddit is 16 years old. It's one of the largest sites on the internet by views, users, time on site, any metric you would care about. They have something like
by ltbarcly3 5y ago
Reddit is 16 years old. It's one of the largest sites on the internet by views, users, time on site, any metric you would care about. They have something like 500 FTE's, which is tiny compared to lots of other sites with far less traffic.
It's basically the perfect combination of high traffic and low costs, and they have raised close to a billion dollars in funding. If they aren't profitable now, they are very unlikely to ever be profitable. I think it's likely they will sell to one of the big players (I would guess FB) in the next 5 years or so. If that goes the 'usual way', whoever acquires them will immediately let the site fall apart and eventually shut it down, and in the meantime a new hot reddit/digg/slashdot like site will emerge to take it's place almost overnight.
- CheezeIt 5y agoMy instinct is that Reddit as an organization and as a set of employees are B players, and for that reason a place like Facebook would not want to acquire them. We’ve seen Reddit “execute” a new site design, we see people complaining about being unable to buy ads, and we’ve seen the board’s competence level in finding CEO’s. For the acquisition to break even, you would have to burn down the organization you just acquired, and fix it with your own people. It’s like a bar of gold wrapped in poop. Do you really want to clean off the poop? It might be fool’s gold.