3 ms·
> That feels dumb Because it is dumb. Reddit is and has always been for profit company. To justify its valuation of $10B, it will need to generate at least $1-
by YetAnotherNick 3y ago
> That feels dumb
Because it is dumb. Reddit is and has always been for profit company. To justify its valuation of $10B, it will need to generate at least $1-2B of revenue. Wikimedia has $165M revenue in comparison. No board member will be content with such small return.
- makeitdouble 3y agoYou make it sound like needing to make 10x more money justifies keeping execs that are 10x dumber. I'm not sure that's how it works.