• nude@kbin.social
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    1 year ago

    Its pretty wild though that he claimed that reddit isnt profitable right now if they are indeed planning on an IPO in the near future.
    I know the world has a short memory, but its a pretty bad claim for a CEO to make who wants to sell off the platform

    • ivanafterall@kbin.social
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      1 year ago

      Especially as the platform is actively losing members. Even if you bank on maintaining a large enough number, you’ve admitted the company wasn’t profitable even before it’s challenges. What chance is there of profitability this late into the game, if that’s the case!?