3 ms·
Reddit was profitable way back. Capitalism would have allowed it to continue on in this state perpetually. Spez got greedy and wanted more money though.
by Gigachad 3y ago
Reddit was profitable way back. Capitalism would have allowed it to continue on in this state perpetually. Spez got greedy and wanted more money though.
- realitythreek 3y agoExactly, this was what I was trying to say. Being sustainable can be enough, it doesn’t have to be the next Meta.
- danaris 3y agoI think this is where it's helpful to draw a line between regular capitalism and the late-stage hypercapitalism we've descended into these days. My rule of thumb is that it's the difference between "we provide a service or make a product, and if we do it well, then we make money" and "we make money, as much as possible, however possible, and if we have to provide a service or make a product to do it, that's a necessary evil".
- coldpie 3y agoI wonder if another way to phrase the distinction would be whether the company's primary goal is to sell a product or service for a profit; or to manage financial instruments, such as a stock price or IPO or debt to some VCs or other investors.
- Sylamore 3y agoIt's not a perfect method, but it seems private company (with no intent to IPO and not a VC funded startup) vs public company seems to be a pretty good indicator of what a companies priorities tend to be.