Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway
Reddit has never turned a profit in nearly 20 years, but it just filed to go public anyway
Reddit, the message board site known for its chronically online userbase and for originating much internet discourse, filed for its long-anticipated initial public offering on Thursday.
You think Reddit has BEEN bad? Wait until theres shareholders expecting a ROI.
Honestly its probably not going to go well.
Ah it's one of these things that they probably could be profitable, and certainly their almost billion in sales per year is healthy
It's worth remembering that corps pay no taxes if they spend more than they earn. VCs will often be happy to cover that shortfall with the idea of a big sale later. So nobody pays taxes and then eventually they sell or IPO for big bucks and roll that into more investments. The economy keeps on pumping
it's the old kamikaze wager, either it works or