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Is a company that exists for a decade without turning a profit really a for-profit entity? It looks more like a robin hood scheme to distribute investor money t
by adrianN 3y ago
Is a company that exists for a decade without turning a profit really a for-profit entity? It looks more like a robin hood scheme to distribute investor
money to developers.
- Mistletoe 3y ago> According to CEO Steve Huffman, who hosted an Ask Me Anything (AMA) this afternoon, the company has never been profitable. Why would anyone invest in this IPO they are trying so hard to make happen? I can’t think of anything left for them to do after this length of time to become profitable. The only things left are the things they are doing that alienate the user base. It seems Reddit is Uber and WeWork with a different hat on.