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Profit depends on 2 things, revenue and expenses. Reddit has tripled their headcount over the last few years so they can focus on new features like NFTs. If the
by Rebelgecko 3y ago
Profit depends on 2 things, revenue and expenses. Reddit has tripled their headcount over the last few years so they can focus on new features like NFTs. If they were concerned about sustainable profitability, IMO they should've kept their headcount around 500 people and tried to grow revenue without totally blowing up their costs.
- sznio 3y agoI wouldn't be surprised if reddit was profitable/at least broke even 8 years ago. Reddit needs 300 people max to run, and they got like 1500.