3 ms·
It’s looking like the answer to your question is probably blood red: https://www.msn.com/en-us/money/savingandinvesting/fidelity-cuts-reddit-valuation-by-41/ar-
by ruleforty 3y ago
It’s looking like the answer to your question is probably blood red: https://www.msn.com/en-us/money/savingandinvesting/fidelity-cuts-reddit-valuation-by-41/ar-AA1c0rlZ https://www.msn.com/en-us/money/savingandinvesting/fidelity-...
- makestuff 3y agoYeah so OPs point about "making plenty of money" isn't really true. Now, I'm sure they could pull a twitter and layoff 75% of the company and reach profitability.
- lyu07282 3y agoNo this is the entire point I'm making, they are not interested in creating a sustainable infrastructure for the internet, they want investors they want to IPO they want to grow and grow and grow. If they destroy themselves in the process it's a bet everyone invested along the way is perfectly fine with, demanding even. The entire structure of this is cancerous.
- makestuff 3y agoYeah I get your point now, I agree the entire grow at all costs is not good for building a sustainable company. Investors are never happy with normal growth rates, they want exponential growth which isn't possible after a certain point without ruining your product.