Somebody mentioned today that reddit has been losing money for 17 years.
edit: my bad, apparently they lost money for 17 years before finally turning a profit about a year and a half ago. Anyway the point is that it can take a long time.
Yeah, it looks like they first turned a profit in 2024, like $25 million and last year it was half a bil. Maybe what I saw was that they lost money for 17 years before that, I dunno.
Somebody mentioned today that reddit has been losing money for 17 years.
edit: my bad, apparently they lost money for 17 years before finally turning a profit about a year and a half ago. Anyway the point is that it can take a long time.
I’m no financial wiz but the Wikipedia says they had half a billion in income on 2.2 billion revenue.
Yeah, it looks like they first turned a profit in 2024, like $25 million and last year it was half a bil. Maybe what I saw was that they lost money for 17 years before that, I dunno.