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Reddit can turn profitable at any point. The spend to grow. Sales and marketing $71 million, R&D $142 million. They could easily switch into 25% profit margin
by nabla9 2y ago
Reddit can turn profitable at any point.
The spend to grow. Sales and marketing $71 million, R&D $142 million. They could easily switch into 25% profit margin business if they stop investing into growth.
- diggan 2y agoSure, maybe for some months at max, until people notice they're being squeezed and leave en-masse. I'll believe the common "X can turn profitable at any point" once it's been demonstrated.