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Mar 29 2024 01:39am


Quote (MrSK @ Mar 29 2024 12:04am)
As someone who uses Reddit extensively for research at work, everyone saw this coming lol.
That site hasn't turned a profit in forever, and probably will never be profitable. Especially after the API changes ran off the hardcore fanbase
Nail in the coffin was last week when the CEO removed his bonuses if the IPO hit a certain price for X amount of time


yeah, at steve's IPO interview on cnbc they brought up the profitable question too. he danced around it and basically said "well, we will be someday" or something, iirc.
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Mar 29 2024 01:57am
Quote (ChocolateCoveredGummyBears @ Mar 29 2024 03:39am)
yeah, at steve's IPO interview on cnbc they brought up the profitable question too. he danced around it and basically said "well, we will be someday" or something, iirc.


profitable for the designers of reddit, to their credit which in almost most forms and ways i agree with regarding the trenches information warfares that exponentially proliferated with the advent of high speed cable intwernt that darwinismed the interwebs.as a whole, yet with this over-valued ipo release a moneu buffet for shorting losers that never went to.a school dance or took a girl and some friends out for icecream
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