No, it’s totally sustainable. Reddit makes hundreds of millions. They just piss it away by having a million employees doing nothing but making the site worse. Their least big project was the NFT platform, which nobody wanted and they spend 250 million on.
A small team of engineers working on nothing but reliability and maintenance could live very very comfortably without having to do anything else for a lot of profit.
They aren’t happy with that though, they want a big IPO and to all become ultra rich overnight, and that’s why they turned the site to shit. Don’t let any of these companies tell you the sad story about not being profitable with millions in revenue.
No, it’s totally sustainable. Reddit makes hundreds of millions. They just piss it away by having a million employees doing nothing but making the site worse. Their least big project was the NFT platform, which nobody wanted and they spend 250 million on.
A small team of engineers working on nothing but reliability and maintenance could live very very comfortably without having to do anything else for a lot of profit.
They aren’t happy with that though, they want a big IPO and to all become ultra rich overnight, and that’s why they turned the site to shit. Don’t let any of these companies tell you the sad story about not being profitable with millions in revenue.