Uber and doordash yes, they operate a physical business with large costs per customer transaction. Twitter and reddit? No, I disagree. Those businesses should b

Uber and doordash yes, they operate a physical business with large costs per customer transaction. Twitter and reddit? No, I disagree. Those businesses should be relatively cheap to host (compared to ad revenue) with focused management and engineering. The only thing about them that could cost a lot is moderation, and twitter should have followed reddit’s lead to leave that to a volunteer brigade. If twitter and reddit lost money, it is because they were not being run efficiently, and they weren’t being run efficiently because the way to show investors they were creating value is launching a bunch of hyped but mostly pointless features and by having a high burn rate. New reddit launched 5 years ago, and many people still prefer using old reddit. Twitter also did not add any feature in the past 5 years the majority of its users cared about losing. If most of your users are fine with giving up everything you’ve built in the past 5 years, and you have a large staff of engineers, then you’ve not been running the business effectively.