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You do realize reddit is a company that hires humans, right, and those humans need to be paid for their time with money? You're making a huge leap about profit
by shitloadofbooks 5y ago
You do realize reddit is a company that hires humans, right, and those humans need to be paid for their time with money?
You're making a huge leap about profitability based on a fraction of their running costs.
- techrat 5y agoYou do realise that TWO THOUSAND YEARS worth of server time just from six (of about 138,000 active subreddits) pays for more than just a handful of employees? And this is before ad sales. Hell, when it comes to ad sales... They hit > $100 mil this QUARTER. https://redditblog.com/2021/08/12/reddit-secures-funding-to-continue-growth-plans/ https://redditblog.com/2021/08/12/reddit-secures-funding-to-... Reddit is a 9 figure company. Soon to be 11 figures. > We will raise up to $700 million in Series F funding, led by Fidelity Management and Research Company LLC. and including other existing investors, at a post-money valuation of over $10 billion. They're not hurting.